Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 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)
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
(6,165)
 
$
-
 
$
-
 
$
(6,165)
 
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 nine month period ended September 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
 
 
3,030
 
 
-
 
Balance at September 30, 2016
 
$
(6,165)
 
$
(768)