Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the Company's assets and liabilities measured at fair value on a recurring basis at June 30, 2014:

	Fair Value		(Level 1)		(Level 2)		(Level 3)
Convertible promissory notes payable derivative liability	$	385,000	$	-	$	-	$	385,000
Common stock warrants		348,963		-		-		348,963
Total	$	733,963	$	-	$	-	$	733,963

Schedule Of Changes In Fair Value Derivative Liability

The fair value of the derivative liability as of June 30, 2014 was estimated using the following assumptions:

Expected volatility	65	%
Risk free rate	1.46	%
Dividend yield	0	%
Expected term (in years)	4.58

Schedule of Changes in Fair Value of Company's Level 3 Liabilities

The following sets forth a summary of changes in fair value of the Company’s level 3 liabilities measured on a recurring basis for the six months ended June 30, 2014:

	Convertible		Series A-1 Preferred
	Notes Payable		Stock		Common
	Derivative		Derivative		Stock
	Liability		Liability		Warrants
Balance at December 31, 2013	$	534,975	$	56,926	$	-
Extinguishment		(118,300)		-		-
Fair value at issuance		189,300		-		466,706
Change in fair value		(220,975)		(56,926)		(117,743)
Balance at June 30, 2014	$	385,000	$	-	$	348,963