Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.7.0.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company’s fair value hierarchies for its financial assets and liabilities which require fair value measurement are as follows:
 
 
 
Total
 
Level 1
 
Level 2
 
Level 3
 
June 30, 2017
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liabilities
 
$
3,810
 
$
-
 
$
-
 
$
3,810
 
Contingent consideration liability
 
$
238
 
$
-
 
$
-
 
$
238
 
Contingent success fee liability
 
$
37
 
$
-
 
$
-
 
$
37
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
3,546
 
$
-
 
$
-
 
$
3,546
 
Contingent consideration liability
 
$
217
 
$
-
 
$
-
 
$
217
 
Contingent success fee liability
 
$
116
 
$
-
 
$
-
 
$
116
 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial liabilities for the six months ended June 30, 2017, which were measured at fair value on a recurring basis:
 
 
 
 
 
Contingent
 
Contingent
 
 
 
Warrant
 
Consideration
 
Success Fee
 
 
 
Liabilities
 
Liability
 
Liability
 
Balance at December 31, 2016
 
$
3,546
 
$
217
 
$
116
 
Initial fair value of warrants issued in conjunction with 2017 financing
 
 
3,301
 
 
-
 
 
-
 
Gain on decrease in fair value of warrants issued
 
 
-
 
 
-
 
 
-
 
in conjunction with 2015 and 2017 financing
 
 
(3,037)
 
 
-
 
 
-
 
Loss on increase in fair value of obligation
 
 
-
 
 
21
 
 
-
 
Gain on decrease in fair value of obligation
 
 
-
 
 
-
 
 
(79)
 
Balance at June 30, 2017
 
$
3,810
 
$
238
 
$
37