Quarterly report pursuant to Section 13 or 15(d)

NOTE 7 - FAIR VALUE MEASUREMENTS (Tables)

v3.7.0.1
NOTE 7 - FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Summarize our financial assets and liabilities measured at fair value on a recurring basis

The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2017:

 

 

 

Balance at

June 30,

2017

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant

Unobservable Inputs

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of liability for warrant derivative instruments

 

$

2,161,426

 

 

$

—

 

 

$

—

 

 

$

2,161,426

 
Fair value liability of warrant derivative instruments

The following is a roll forward through June 30, 2017 of the fair value liability of warrant derivative instruments:

 

 

 

Fair Value of

 

 

 

 

Liability for

 

 

 

 

Warrant

 

 

 

 

Derivative

 

 

 

 

Instruments

 

 

Balance at December 31, 2016

 

$

793,099

 

 

Initial fair value of warrant liability

 

 

1,081,000

 

 

Change in fair value included in other (income) loss

 

 

287,327

 

 

Balance at June 30, 2017

 

$

2,161,426