Derivative Liability (10K) (Tables)

12 Months Ended

Dec. 31, 2014

The warrants have a three year life from the date of issue with a zero dividend yield and were valued using a simulated probability valuation model. Additional information with respect to these warrants is presented in the table below.

Issue Date	Reason for issuance	Number of warrants issued		Exercise price		Risk free interest rate			Expected volatility			Derivative liability value on date of issue
4/23/2012	Bridge financing warrants		4	$	62.50		1.78	%		205.3	%	$	50
4/23/2012	Finder’s fee warrants		0.2792	$	62.50		1.78	%		205.3	%	$	—
11/15/2012	Administrative fee warrants		2.4	$	62.50		1.78	%		202.2	%	$	8
11/15/2012	Finder’s fee warrants		0.2352	$	62.50		1.78	%		202.2	%	$	—

Changes in the market value of the Level 3 derivative liability

Changes in the fair value of the level 3 derivative liability for the year ended December 31, 2014, are as follows:

	Derivative Liability
Balance at January 1, 2013	$	25
Gain on derivative liability		(7	)
Balance at December 31, 2014	$	18

Liabilities measured at fair value

Assets and liabilities measured at fair value as of December 31, 2014 are as follows:

	Value at December 31, 2014		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
			(Level 1)		(Level 2)		(Level 3)
Derivative liability	$	18	$	—	$	—	$	18