Energous Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net income (loss) per share because the effect of their inclusion would have been anti-dilutive.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
Convertible Notes – principal		-		2,650,858		-		2,650,858
Convertible Notes – accrued interest		-		60,135		-		60,135
Consulting Warrant to purchase common stock		278,228		278,228		278,228		278,228
Financing Warrant to purchase common stock		152,778		220,905		152,778		220,905
IPO Warrants to purchase common stock		460,000		-		460,000		-
IR Consulting Warrant		36,000		-		36,000		-
Options to purchase common stock		1,671,235		-		1,671,235		-
RSUs		462,060		-		462,060		-
Total potentially dilutive securities		3,060,301		3,210,126		3,060,301		3,210,126

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table provides a summary of the liabilities that are measured at fair value on a recurring basis.

	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2)		Significant Unobservable Inputs (Level 3)
Derivative Liabilities:
December 31, 2013:
Conversion Feature	$	5,573,000	$	-	$	-	$	5,573,000
Financing Warrant		175,000		-		-		175,000
Consulting Warrant		529,000		-		-		529,000
Total	$	6,277,000	$	-	$	-	$	6,277,000

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial liabilities that are measured at fair value on a recurring basis:

	For the Nine Months Ended September 30, 2014
Beginning balance	$	6,277,000
Change in fair value of conversion feature and warrants		26,265,177
Extinguishment of derivative liability upon conversion of Convertible Notes		(26,790,177)
Extinguishment of derivative liability upon modification of Financing Warrant		(1,733,000)
Extinguishment of derivative liability upon modification of Consulting Warrant		(4,019,000)
Ending balance	$	-