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Loan Payable (Tables) | 6 Months Ended
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Jun. 30, 2014
Summary of Changes in Carrying Value of Loan Payable | The following table is a summary of the changes in the carrying value of our loan payable for the three months ended June 30, 2014:
|  | Silicon Valley Bank Loan |  |  | CIRM Loan |  |  | Total |
Carrying value of loan payable at March 31, 2014 (current and non-current) |  | $ | 8,203,391 |  |  | $ | 7,640,528 |  |  | $ | 15,843,919 |
Loan proceeds |  |  | — |  |  |  | — |  |  |  | — |
Repayment of principal |  |  | (956,035 | ) |  |  | — |  |  |  | (956,035 | )
Accretion of discount |  |  | 51,651 |  |  |  | — |  |  |  | 51,651 |
Carrying value of loan payable at 6/30/2014 (current and non-current) |  | $ | 7,299,007 |  |  | $ | 7,640,528 |  |  | $ | 14,939,535 |
Carrying value of loan payable, current portion |  | $ | 3,832,630 |  |  | $ | — |  |  | $ | 3,832,630 |
Carrying value of loan payable, non-current portion |  |  | 3,466,377 |  |  |  | 7,640,528 |  |  |  | 11,106,905 |
Total loan payable at June 30, 2014 |  | $ | 7,299,007 |  |  | $ | 7,640,528 |  |  | $ | 14,939,535 |
Silicon Valley Bank Loan Agreement Warrant [Member] |
Assumptions Used for Black-Scholes Option Pricing Model | We estimated the fair value of the warrant to be approximately $388,000 using the Black-Scholes option pricing model with the following assumptions:
Expected life (years) |  |  | 10 |
Risk-free interest rate |  |  | 1.9 | %
Expected volatility |  |  | 88.1 | %
Expected dividend yield |  |  | 0 | %

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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