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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2015
Fair Value Measurements Tables |
Liabilities measured at fair value | The following table presents information about the Company's liabilities measured at fair value as of December 31, 2015
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value at December 31, 2015 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivative Liability |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value at December 31, 2014 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liability |  | $ | - |  |  | $ | 1,577,640 |  |  | $ | - |  |  | $ | 1,577,640 |
Schedule of Derivative Liabilities at Fair Value | The fair value changes in the fair value of recurring fair value measurements using model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data (Level 2), relate solely to the derivative liability as follows:
Balance as of December 31, 2014 |  | $ | 1,577,640 |
Exercise of warrants attached to derivative liability |  | $ | (74,347 | )
Adjustment due to expiry of derivative liability |  | $ | (1,163,549 | )
Fair value adjustments |  | $ | (339,744 | )
Balance as of December 31, 2015 |  | $ | - |

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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 derivative liabilities at fair value. + References No definition available. + Details
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