v3.2.0.727
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measured on a Recurring Basis

Our financial assets and (liabilities) carried at fair value measured on a recurring basis as of June 30, 2015 and December 31, 2014 consisted of the following:

 

      Fair Value Measurements Using  
    Total Fair     Quoted prices in     Significant other     Significant  
    Value at     active markets       observable inputs         Unobservable inputs  
Description     June 30, 2015         (Level 1)     (Level 2)     (Level 3)  
                                 
Derivative liability (1)   $ (1,073,078 )   $ —       $ (1,073,078 )   $ —    

 

    Fair Value Measurements Using  
    Total Fair       Quoted prices in     Significant other       Significant  
    Value at       active markets     observable inputs       Unobservable inputs  
Description     December 31, 2014     (Level 1)     (Level 2)       (Level 3)  
                                 
Derivative liability (1)   $ (3,212,200 )   $ —       $ (3,212,200 )   $ —    

 

(1) The derivative is calculated using the Black Scholes Pricing Model