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Nature of Operations, Basis of Presentation and Significant Accounting Policies (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Accounting Policies [Abstract]    
Schedule Merger Agreement Based On Common Stock Outstanding

The number of shares of common stock Marina issued to IThena stockholders is calculated pursuant to the terms of the Merger Agreement based on Marina common stock outstanding as of November 15, 2016, as follows:

 

Shares of Marina common stock outstanding as of November 15, 2016     31,378,551  
Divided by the percentage of Marina ownership of combined company     35 %
Adjusted total shares of common stock of combined company     89,771,379  
Multiplied by the assumed percentage of IThena ownership of combined company     65 %
Shares of Marina common stock issued to IThena upon closing of transaction     58,392,828  

The number of shares of common stock Marina issued to IThena stockholders is calculated pursuant to the terms of the Merger Agreement based on Marina common stock outstanding as of November 15, 2016, as follows:

 

Shares of Marina common stock outstanding as of November 15, 2016     31,378,551  
Divided by the percentage of Marina ownership of combined company     35 %
Adjusted total shares of common stock of combined company     89,771,379  
Multiplied by the assumed percentage of IThena ownership of combined company     65 %
Shares of Marina common stock issued to IThena upon closing of transaction     58,392,828  

Schedule Estimate of the Fair Value of Assets Acquired and Liabilities

The purchase price as of March 31, 2017 has been allocated based on a preliminary estimate of the fair value of assets acquired and liabilities assumed:

 

Assets and Liabilities Acquired:        
Cash   $ 5,867  
Net current liabilities assumed (excluding cash)     (1,871,725 )
Identifiable intangible assets     2,361,066  
Debt     (326,037 )
Net assets acquired     169,170  
Goodwill     3,502,829  
Purchase price   $ 3,672,000  

The purchase price as of December 31, 2016 has been allocated based on a preliminary estimate of the fair value of assets acquired and liabilities assumed:

 

Assets and Liabilities Acquired:      
Cash   $ 5,867  
Net current liabilities assumed (excluding cash)     (1,926,972 )
Identifiable intangible assets     2,361,066  
Debt     (326,037 )
         
Net assets acquired     113,924  
Goodwill     3,558,076  
Purchase price   $ 3,672,000  

Schedule of Liabilities Measured at Fair Value On a Recurring Basis

The following tables summarize our liabilities measured at fair value on a recurring basis as of December 31, 2016 and March 31, 2017:

 

   

Balance at

December 31, 2016

    Level 1
Quoted prices in
active markets for
identical assets
    Level 2
Significant other
observable inputs
    Level 3
Significant
unobservable inputs
 
Liabilities:                                
Fair value liability for price adjustable warrants   $ 141,723     $ -     $ -     $ 141,723  
Total liabilities at fair value   $ 141,723     $ -     $ -     $ 141,723  

  

    Balance at
March 31, 2017
    Level 1
Quoted prices in
active markets for
identical assets
    Level 2
Significant other
observable inputs
   

Level 3
Significant
unobservable

inputs

 
Liabilities:                                
Fair value liability for price adjustable warrants   $ 244,795     $ -     $ -     $ 244,795  
Total liabilities at fair value   $ 244,795     $ -     $ -     $ 244,795  

The following tables summarize our liabilities measured at fair value on a recurring basis as of December 31, 2016:

 

    Balance at
December
31, 2016
    Level 1
Quoted
prices in
active
markets for
identical
assets
    Level 2
Significant
other
observable
inputs
    Level 3
Significant
unobservable inputs
 
Liabilities:                                
Fair value liability for price adjustable warrants   $ 141,723     $ -     $ -     $ 141,723  
Total liabilities at fair value   $ 141,723     $ -     $ -     $ 141,723  

Schedule of Fair Value Liability of Price Adjustable Warrants Determined by Level 3

The following presents activity of the fair value liability of price adjustable warrants determined by Level 3 inputs for the period ended March 31, 2017:

 

    Fair value
liability for price
adjustable warrants
 
       
Balance at December 31, 2016   $ 141,723  
Fair value of warrants issued     -  
Exercise of warrants     -  
Change in fair value included in condensed consolidated statement of operations     103,072  
Balance at March 31, 2017   $ 244,795  

The following presents activity of the fair value liability of price adjustable warrants determined by Level 3 inputs for the years ended December 31, 2016 and 2015:

 

    Fair value
liability for
price
adjustable
warrants
 
Balance at December 31, 2014   $ -  
Fair value of warrants issued     -  
Exercise of warrants     -  
Change in fair value included in consolidated statement of operations     -  
Balance at December 31, 2015     -  
Fair value of warrants issued     -  
Fair value of warrants assumed in reverse merger     66,623  
Change in fair value included in consolidated statement of operations     75,100  
Balance at December 31, 2016   $ 141,723  

Schedule of Anti-dilutive Securities

The following number of shares have been excluded from diluted net income (loss) since such inclusion would be anti-dilutive:

 

    Three Months Ended March 31,  
    2017     2016  
             
Stock options outstanding     2,334,000       -  
Warrants     27,029,995       139,173  
Convertible Notes Payable     1,716,123       -  
Total     31,080,118       139,173  

The following number of shares have been excluded from diluted net income (loss) since such inclusion would be anti-dilutive:

 

    Year Ended December 31,  
    2016     2015  
Stock options outstanding     1,688,106       -  
Warrants     24,466,783       117,720  
Convertible Notes Payable     892,857       -  
Total     27,047,746       117,720