Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.3.1.900
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
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 on a recurring basis are as follows:
 
 
 
 
 
 
Quoted Prices 
 
Significant
 
 
 
 
 
 
 
 
in Active 
 
 Other
 
Significant
 
 
 
 
 
 
Markets For
Identical Items
 
Obserable 
Inputs
 
Unobserable
Inputs
 
 
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
(9,195)
 
$
-
 
$
-
 
$
(9,195)
 
Contingent consideration liability
 
$
(768)
 
$
-
 
$
-
 
$
(768)
 
 
*The Company has no financial assets measured at fair value on a recurring basis.
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 Company’s Level 3 financial liabilities during the year ended December 31, 2015, which were measured at fair value on a recurring basis:
 
 
 
 
 
 
Contingent
 
 
 
Warrant
 
Consideration
 
 
 
Liability
 
Liability
 
Balance at December 31, 2014
 
$
-
 
$
-
 
Fair value of warrants issued with 2015 financing
 
 
(11,700)
 
 
-
 
Gain on decrease in fair value of warrants issued with 2015 financing
 
 
2,505
 
 
-
 
Fair value of contingent consideration related to Equipois Acquisition
 
 
-
 
 
(768)
 
Balance at December 31, 2015
 
$
(9,195)
 
 
(768)