| Rolls Forward, Fair value of Warrant Liability |
The following table rolls forward the fair value of the warrant liability:
Balance at Issuance
(warrants issued prior to September 30, 2012) |
|
$ |
3,788,687 |
|
| Warrant exercised in the quarter ended September 30, 2012 |
|
|
0 |
|
| Change in fair value in the quarter ended September 30, 2012 |
|
|
(60,176 |
) |
| Balance at September 30, 2012 |
|
$ |
3,728,512 |
|
| Warrant exercised in the quarter ended December 31, 2012 |
|
|
0 |
|
| Change in fair value in the quarter ended December 31, 2012 |
|
|
293,936 |
|
| Balance at December 31, 2012 |
|
$ |
4,022,447 |
|
Balance at Issuance
(warrants issued from October 1 - December 31, 2012) |
|
$ |
1,552,124 |
|
| Warrant exercised in the quarter ended December 31, 2012 |
|
|
0 |
|
| Change in fair value in the quarter ended December 31, 2012 |
|
|
112,867 |
|
| Balance at December 31, 2012 |
|
$ |
1,664,991 |
|