Quarterly report pursuant to Section 13 or 15(d)

2. Summary of Significant Accounting Policies (Tables)

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2. Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Summary Of Significant Accounting Policies Tables  
Summary of the changes in fair value of the warrant liability

The table below provides a summary of the changes in fair value of the warrant liability measured at fair value on a recurring basis:

 

Balance at January 1, 2015   $ 5,597,011  
Issuance of warrants     1,008,000  
Warrants to be issued     55,200  
Change in value of warrant liability     3,194,189  
Balance at December 31, 2015   $ 9,854,400  
         
Warrants issued     1,096,000  
Change in value of warrant liability     4,256,600  
Balance at June 30, 2016   $ 15,207,000