Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule of Carrying Value of Investments

The following non recurring fair value measurements were recorded during the years ended December 31, 2014 and 2013:

	Total Carrying Value		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
December 31, 2014
Investment	$	300,000	$	—	$	—	$	300,000
December 31, 2013
Investment	$	1,699,672	$	—	$	—	$	1,699,672
Deposit on investment option	$	435,000	$	—	$	—	$	435,000
	$	2,134,672					$	2,134,672

Schedule of Change in Level 3 Assets Measured at Fair Value on Non Recurring Basis

Change in Level 3 assets measured at fair value on a non recurring basis for the year ended December 31, 2014:

Balance – January 1, 2014	$	2,134,672
Impairment of investment		(1,399,672	)
Impairment of deposit		(435,000	)
Balance – December 31, 2014	$	300,000

Summary of Stock-Based Compensation Allocated to Research, Development, General and Administrative Expenses

Total stock-based compensation expense included in the consolidated statements of operations was allocated to research and development and general and administrative expenses as follows:

	December 31,
	2014		2013
Research and development	$	51,408	$	5,997
General and administrative		457,220		34,753
Total stock-based compensation	$	508,628	$	40,750