Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.5.0.2
Fair Value (Tables)
9 Months Ended
Sep. 30, 2016
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, 2016

 

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 conversion option

 

$

 

 

$

 

 

$

1,255,891

 

 

$

1,255,891

 

Liability related to MT warrants

 

 

 

 

 

 

 

 

63,000

 

 

 

63,000

 

 

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

 

$

 

 

$

 

 

$

3,011,880

 

 

$

3,011,880

 

Liability related to MT warrants

 

 

 

 

 

 

 

 

63,000

 

 

 

63,000