The following table presents the Company’s fair value hierarchy for liabilities, consisting of a warrant liability, measured at fair value and prior to issuance costs, on a recurring basis at September 30, 2013:
|
| Level 1 | Level 2 | Level 3 | Total | ||||
| Warrant liability | $-- |
| $-- |
| $493,123 |
| $493,123 |
|