Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.1.9
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Measurements Tables  
Liabilities measured at fair value

The following table presents information about the Company’s liabilities measured at fair value as of December 31, 2014

 

    Level 1   Level 2   Level 3   Fair Value at
 December 31, 2014
Liabilities                
Derivative liability   $ —       $ 1,577,640     $ —       $ 1,577,640  

 

    Level 1   Level 2   Level 3   Fair Value at
 December 31, 2013
Liabilities                
Derivative liability   $ —       $     $ —       $  

 

Schedule of Derivative Liabilities at Fair Value
Balance as of December 31, 2013   $ -  
Derivative liability recorded   $ 4,078,054  
Adjustment due to amendment   $ (3,924,967 )
Fair value adjustment   $ 1,424,553  
Balance as of December 31, 2014   $ 1,577,640