The following table reflects the activity of the warrant payable for the three months and nine months ended September 30, 2014:

 

		Three months ended September 30, 2014			Nine months ended September 30, 2014
Balance at beginning of period		$	247,800		$	1,216,000
Change in estimate			—			(925,500)
Provision for new warrant issuances			3,311			3,311
Mark to market (gains)/losses			7,600			(35,100)
Issuances of warrants			(247,800)			(247,800)
Balance at end of period		$	10,911		$	10,911