Annual report pursuant to Section 13 and 15(d)

2. Summary of Significant Accounting Policies (Tables)

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2. Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2014   $ -  
Issuance of warrants     9,801,200  
Change in value of warrant liability     (4,204,189 )
Balance at December 31, 2014   $ 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