Annual report pursuant to section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v2.4.0.6
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Schedule Of Warrants Liabilities At Fair Value [Table Text Block]

The following table presents the Company’s fair value hierarchy for these liabilities measured at fair value on a recurring basis as of December 31, 2012:

 

    Fair Value
December 31, 2012
  Quoted Market Prices in Active Markets
(Level 1)
  Significant Other Observable Inputs
(Level 2)
  Significant Unobservable Inputs
(Level 3)
Liabilities                
Warrant Liability $ 2,203,110 $   $ 2,203,110 $  

 

The following table presents the Company’s fair value hierarchy for these liabilities measured at fair value on a recurring basis as of December 31, 2011:

 

    Fair Value
December 31, 2011
  Quoted Market Prices in Active Markets
(Level 1)
  Significant Other Observable Inputs
(Level 2)
  Significant Unobservable Inputs
(Level 3)
Liabilities                
Warrant Liability $ 4,483,334 $   $ 4,483,334 $