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Fair Value (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in Active

 

Signinficant

 

Significant

 

 

 

 

 

Markets for Identical

 

Other Observable

 

Unobservable

 

 

 

 

 

Items

 

Inputs

 

Inputs

Balance at June 30, 2012

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

Common stock warrant liabililty

 

$

3,029,189 

 

$

 

$

 

$

3,029,189

Schedule of liabilities measured at fair value on a recurring basis using significant unobservable inputs

 

 

 

 

 

 

 

Fair Value

 

 

Measurement Using

 

 

Significant

Common stock warrant liability

 

Unobservable Inputs

Beginning of period - January 1, 2012

$

5,320,990 

Change in fair value of common stock warrants

(2,291,801)

Fair value of common stock warrant liability at June 30, 2012

$

3,029,189