Quarterly report pursuant to Section 13 or 15(d)

Fair Value Hierarchy Fair Value Hierarchy (Tables)

v2.4.0.8
Fair Value Hierarchy Fair Value Hierarchy (Tables)
6 Months Ended
Jun. 30, 2014
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 June 30, 2014
Description
 
Quoted Prices in Active Markets for Identical Liabilities (Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Balance as of
June 30, 2014
Platinum notes payable
 
$

 
$

 
$
3,970,448

 
$
3,970,448

 
 
 
 
 
 
 
 
 
Derivative liabilities
   related to warrants
 

 
7,689,550

 

 
7,689,550


Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2013
Description
 
Quoted Prices in Active Markets for Identical Liabilities (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Balance as of
December 31, 2013
Platinum notes payable
 
$

 
$

 
$
4,268,062

 
$
4,268,062

 
 
 
 
 
 
 
 
 
Derivative liabilities
related to warrants
 

 
7,692,087

 

 
7,692,087