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

Quarterly report pursuant to sections 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 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 loss per share because the effect of their inclusion would have been anti-dilutive.

	At March 31,
	2014		2013
Convertible Notes – principal		1,833,336		-
Convertible Notes – accrued interest		95,233		-
Consulting Warrant to purchase common stock		278,228		-
Financing Warrant to purchase common stock		152,778		-
IR Consulting Warrant		36,000		-
Options to purchase common stock		1,737,965		-
Total potentially dilutive securities		4,133,540		-

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

The following table provides a summary of the assets 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:
March 31, 2014:
Conversion Feature	$	28,459,000	$	-	$	-	$	28,459,000
Financing Warrant		1,764,000		-		-		1,764,000
Consulting Warrant		4,045,000		-		-		4,045,000
Total		34,268,000	$	-	$	-	$	34,268,000
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 three months ended March 31,
	2014		2013
Beginning balance	$	6,277,000	$	-
Change in fair value of conversion feature and warrants		27,991,000		-
Ending balance	$	34,268,000	$	-