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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Summary of Company's Warrant Liability

The following table summarizes the warrant liability valuation for the two years ended December 31, 2014:

 

Description

 

Fair Value Measurements

Warrant Liability

 

Beginning balance, December 31, 2012

 

$

20,233,338

 

Issuances (Level 3)

 

 

1,465,000

 

Total (gains) or losses (Level 1 and 2)

 

 

(21,698,338

)

Ending balance, December 31, 2013

 

$

 

     Issuances (Level 3)

 

 

34,857

 

Ending balance, December 31, 2014

 

$

34,857