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Fair Value (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities at fair value on a recurring basis

 

 

 

 

 

Quoted Prices in Active

Significant

 

Significant

 

 

 

 

 

Markets for Identical

 

Other Observable

 

Other Unobservable

 

 

 

 

 

 

Items

 

Inputs

 

Inputs

Balance at June 30, 2013

 

Total

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

 

 

Common stock warrant liability

 

$

4,689,135 

 

 

$

 

$

 

$

4,689,135 

  

 

 

 

 

 

Quoted Prices in Active

Significant

 

Significant

 

 

 

 

 

Markets for Identical

 

Other Observable

 

Other Unobservable

 

 

 

 

 

 

Items

 

Inputs

 

Inputs

Balance at December 31, 2012

 

Total

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

 

 

Common stock warrant liability

 

$

475,825 

 

 

$

 

$

 

$

475,825 

Schedule of reconciliations of the beginning and ending balances for liabilities measured at fair value on a recurring basis using significant unobservable inputs (i.e. Level 3)

 

 

Fair Value

 

 

Measurement Using

 

 

Significant

Common stock warrant liability

 

Unobservable Inputs

 

 

 

Beginning of period - January 1, 2013

$

475,825 

Change in fair value of common stock warrants

7,964,632 

Issuance of common stock warrants

2,451,028 

Exercise of common stock warrants

(6,202,350)

Fair value of common stock warrant liability at June 30, 2013

$

4,689,135