Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

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

The following table summarizes fair value measurements by level at December 31, 2013 for assets and liabilities measured at fair value on a recurring basis:

	Level I		Level II	Level III		Total
Cash	$	245,585				$	245,585
Letter of credit	$	32,544				$	32,544
Marketable securities	$	238,619				$	238,619
Derivatives liability				$	9,495	$	9,495

The following table summarizes fair value measurements by level at December 31, 2014 for assets and liabilities measured at fair value on a recurring basis:

	Level I		Level II	Level III		Total
Cash	$	583,044				$	583,044
Letter of credit	$	32,544				$	32,544
Marketable securities	$	245,726				$	245,726
Derivatives liability				$	6,526	$	6,526

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

The table below sets forth a summary of changes in fair value of the Company’s Level III liabilities for the year ended December 31, 2014.

Balance as of December 31, 2013	$	9,495
Change in Value		(2,969)
Balance as of December 31, 2014	$	6,526

Available-for-sale Securities [Table Text Block]

The following tables show the Company’s securities classified as available for sale with adjusted cost, unrealized gains (loss), and fair value by investment category recorded as of December 31, 2014 and December 31, 2013:

	December 31, 2014
	Adjusted Cost		Unrealized Gain (Loss)		Aggregate Fair Value		Securities Available for Sale

Mutual Funds	$	251,253	$	(5,527)	$	245,726	$	245,726

	December 31, 2013
	Adjusted Cost		Unrealized Gain (Loss)		Aggregate Fair Value		Securities Available for Sale

Mutual Funds	$	233,932	$	4,663	$	238,619	$	238,619

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References+ Details

POW! ENTERTAINMENT, INC. 10-K