Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.3.0.814
Fair Value (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value of Liabilities Measured on Recurring Basis

The following tables set forth, by level, financial liabilities measured at fair value on a recurring basis:

 

Liabilities Measured at Fair Value on a Recurring Basis as of September 30, 2015

 

Description

 

Quoted Prices in

Active Markets

for Identical Liabilities

(Level 1)

 

 

Significant

Other

Observable

Inputs (Level 2)

 

 

Significant

Unobservable

Inputs (Level 3)

 

 

Total

 

Platinum notes payable

 

$

 

 

$

 

 

$

12,280,513

 

 

$

12,280,513

 

Liability related to warrants

 

 

 

 

 

 

 

 

63,000

 

 

 

63,000

 

 

Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2014

 

Description

 

Quoted Prices in

Active Markets for Identical

Liabilities

(Level 1)

 

 

Significant

Other

Observable

Inputs (Level 2)

 

 

Significant

Unobservable

Inputs (Level 3)

 

 

Total

 

Platinum notes payable

 

$

 

 

$

 

 

$

5,615,764

 

 

$

5,615,764