Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents the Company’s financial liabilities accounted for at fair value on a recurring basis as of September 30, 2017 and December 31, 2016 by level within the fair value hierarchy:

	As of September 30, 2017
	Level 1		Level 2		Level 3		Total
Liabilities - Contingent Rights	$	-	$	-	$	4,134,931	$	4,134,931

	As of December 31, 2016
	Level 1		Level 2		Level 3		Total
Liabilities - Contingent Rights	$	-	$	-	$	4,122,266	$	4,122,266

Fair Value, Inputs, Level 3 [Member]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents the changes in the Company’s financial liabilities accounted for at fair value on a recurring basis using Level 3 unobservable inputs:

December 31, 2016	$	4,122,266
Change in fair value of Contingent Rights		12,665
Balance at September 30, 2017	$	4,134,931