Annual report pursuant to Section 13 and 15(d)

Fair Value Hierarchy (Tables)

v3.3.1.900
Fair Value Hierarchy (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2015

 

 

 

Quoted Prices

in Active

Markets for

Identical

Assets and

Liabilities

 

 

Significant

Other

Observable

Inputs

 

 

Significant

Unobservable

Inputs (a)(b)

 

 

Balance as of

December 31,

 

Description

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

2015

 

Platinum notes payable

 

$

 

 

$

 

 

$

11,491,253

 

 

$

11,491,253

 

Liability related to MT warrants

 

 

 

 

 

 

 

 

63,000

 

 

 

63,000

 

 

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

 

 

 

Quoted Prices

in Active

Markets for

Identical

Assets and

Liabilities

 

 

Significant

Other

Observable

Inputs

 

 

Significant

Unobservable

Inputs (a)(b)

 

 

Balance as of

December 31,

 

Description

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

2014

 

Platinum notes payable

 

$

 

 

$

 

 

$

5,615,764

 

 

$

5,615,764