Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2016
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:
 
 
 
 
 
 
Quoted Prices in
Active Markets
For Identical
Items
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
 
 
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
(4,545)
 
$
-
 
$
-
 
$
(4,545)
 
Contingent consideration liability
 
$
(768)
 
$
-
 
$
-
 
$
(768)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
(9,195)
 
$
-
 
$
-
 
$
(9,195)
 
Contingent consideration liability
 
$
(768)
 
$
-
 
$
-
 
$
(768)
 
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 month period ended June 30, 2016, which were measured at fair value on a recurring basis:
 
 
 
Warrant
Liability
 
Contingent
Consideration
Liability
 
Balance at December 31, 2015
 
$
(9,195)
 
$
(768)
 
Gain on decrease in fair value of warrants issued with 2015 financing
 
 
4,650
 
 
-
 
Balance at June 30, 2016
 
$
(4,545)
 
 
(768)