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Fair Value Measurement (Tables) | 3 Months Ended
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Mar. 31, 2016
Fair Value Disclosures [Abstract] |
Summary of Fair Value Measured on Recurring Basis | The financial instrument that is measured at fair value on a recurring basis is summarized as follows as of March 31, 2016:
Liabilities |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | March 31, 2016 |
Derivative liability - embedded conversion feature |  | $ | — |  |  | $ | — |  |  | $ | 64,973 |  |  | $ | 64,973 |
The financial instrument that is measured at fair value on a recurring basis is summarized as follows as of December 31, 2015:
Liabilities |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | December 31, 2015 |
Derivative liability - embedded conversion feature |  | $ | — |  |  | $ | — |  |  | $ | 120,848 |  |  | $ | 120,848 |
Summary of Change in Level 3 Liability Measured at Fair Value on Recurring Basis | The following table shows the change in Level 3 liability measured at fair value on a recurring basis for the year ended December 31, 2015 and the three months ended March 31, 2016:
|  | Derivative liability embedded conversion feature |
Balance, January 1, 2015 |  | $ | — |
Issuance during 2015 |  |  | 66,227 |
Unrealized loss on change in fair value |  |  | 54,621 |
Balance, December 31, 2015 |  |  | 120,848 |
Issuance during 2016 |  |  | — |
Unrealized (gain) on change in fair value |  |  | (55,875 | )
Balance, March 31, 2016 |  | $ | 64,973 |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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