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Fair Value (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

 

 

 

 

 

 

Quoted Prices in Active

 

Significant

 

Significant

 

 

 

 

 

Markets for Identical

 

Other Observable

 

Other Unobservable

 

 

 

 

 

Items

 

Inputs

 

Inputs

 

Balance at September 30, 2014

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

 

 

Common stock warrant liability

 

$

15,529,387

 

$

 

$

 

$

15,529,387

 

 

 

 

 

 

Quoted Prices in Active

 

Significant

 

Significant

 

 

 

 

 

Markets for Identical

 

Other Observable

 

Other Unobservable

 

 

 

 

 

Items

 

Inputs

 

Inputs

 

Balance at December 31, 2013

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

 

 

Common stock warrant liability

 

$

28,829,849

 

$

 

$

 

$

28,829,849

 

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

 

 

 

 

Fair Value

 

 

 

Measurement Using

 

 

 

Significant

 

Common stock warrant liability

 

Unobservable Inputs

 

 

 

 

 

Beginning of period - January 1, 2014

 

$

28,829,849

 

Change in fair value of common stock warrants

 

58,370,871

 

Issuance of common stock warrants

 

11,773,240

 

Exercise of common stock warrants

 

(83,444,573

)

Fair value of common stock warrant liability at September 30, 2014

 

$

15,529,387