Liability Attributable to Warrants (Tables)

9 Months Ended

Sep. 30, 2016

Other Liabilities Disclosure [Abstract]

Fair Value, Assets and Liabilities Measured On Nonrecurring Basis, Valuation Techniques

We used a binomial pricing model to determine the fair value of our warrants liability at September 30, 2016 and December 31, 2015, using the following assumptions:

	Estimated Volatility			Annualized Forfeiture Rate		Expected Term (Years)		Estimated Exercise Factor		Risk-Free Interest Rate			Dividends
ipCapital
September 30, 2016		378	%		—		0.09		1.1		0.20	%		—
December 31, 2015		127	%		—		0.79		4.0		0.61	%		—

Fair Value, Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation

The following table is a reconciliation of the warrants liability measured at fair value using significant unobservable inputs (Level 3) for the nine months ended September 30, 2016:

Warrants liability – December 31, 2015 fair value	$	31,600
Change in fair value of warrant liability recorded in other income		(29,400	)
Change in fair value of warrant liability recorded in general and administrative expense		(2,300	)
Warrants liability – September 30, 2016 fair value	$	—

Schedule of Stockholders' Equity Note, Warrants or Rights

The following tables reconcile the number of warrants outstanding for the periods indicated:

	For the Three-Month Period Ended September 30, 2016
	Beginning Outstanding		Issued		Exercised		Cancelled / Forfeited		Ending Outstanding
2011 Transaction		686,833		—		—		686,833		—
2014 Transaction		376,667		—		—		—		376,667
Exercise Agreement		300,000		—		—		—		300,000
ipCapital		26,667		—		—		—		26,667
Consultant Warrant		11,285		—		—		—		11,285
Offer to Exercise		10,167		—		—		—		10,167
		1,411,619		—		—		686,833		724,786

	For the Three-Month Period Ended September 30, 2015
	Beginning Outstanding		Issued		Exercised		Cancelled / Forfeited		Ending Outstanding
2011 Transaction		686,833		—		—		—		686,833
2014 Transaction		376,667		—		—		—		376,667
Exercise Agreement		300,000		—		—		—		300,000
ipCapital		26,667		—		—		—		26,667
Consultant Warrant		11,285		—		—		—		11,285
Offer to Exercise		10,167		—		—		—		10,167
		1,411,619		—		—		—		1,411,619

	For the Nine-Month Period Ended September 30, 2016
	Beginning Outstanding		Issued		Exercised		Cancelled / Forfeited		Ending Outstanding
2011 Transaction		686,833		—		—		686,833		—
2014 Transaction		376,667		—		—		—		376,667
Exercise Agreement		300,000		—		—		—		300,000
ipCapital		26,667		—		—		—		26,667
Consultant Warrant)		11,285		—		—		—		11,285
Offer to Exercise		10,167		—		—		—		10,167
		1,411,619		—		—		686,833		724,786

	For the Nine-Month Period Ended September 30, 2015
	Beginning Outstanding		Issued		Exercised		Cancelled / Forfeited		Ending Outstanding
2011 Transaction		686,833		—		—		—		686,833
2014 Transaction		376,667		—		—		—		376,667
Exercise Agreement		300,000		—		—		—		300,000
ipCapital		26,667		—		—		—		26,667
Consultant Warrant		11,285		—		—		—		11,285
Offer to Exercise		10,167		—		—		—		10,167
		1,411,619		—		—		—		1,411,619