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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Summary of Company's Warrant Liability

The following table summarizes the warrant liability valuation for the years ended December 31, 2013 and 2012:

 

Description

   Fair Value Measurements
Warrant Liability
 

Beginning balance, December 31, 2011

   $ —    

Issuances (Level 3)

     18,742,526   

Total (gains) or losses (Level 1 and 2)

     1,490,812   
  

 

 

 

Ending balance, December 31, 2012

   $ 20,233,338   

Issuances (Level 3)

     1,465,000   

Warrant conversion (Level 1 and 2)

     (21,698,338
  

 

 

 

Ending balance, December 31, 2013

   $ —