Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.6.0.2
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 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 on a recurring basis are as follows:
 
 
 
 
 
 
Quoted Prices
 
 
Significant
 
 
 
 
 
 
 
 
 
in Active
 
 
Other
 
 
Significant
 
 
 
 
 
 
Markets For
 
 
Observable
 
 
Unobservable
 
 
 
 
 
 
Identical Items
 
 
Inputs
 
 
Inputs
 
 
 
Total
 
 
(Level 1)
 
 
(Level 2)
 
 
(Level 3)
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
3,546
 
 
$
-
 
 
$
-
 
 
$
3,546
 
Contingent consideration liability
 
$
217
 
 
$
-
 
 
$
-
 
 
$
217
 
Contingent success fee liability
 
$
116
 
 
$
-
 
 
$
-
 
 
$
116
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 Company’s Level 3 financial liabilities during the year ended December 31, 2016, which were measured at fair value on a recurring basis:
 
 
 
 
 
 
Contingent
 
 
Contingent
 
 
 
Warrant
 
 
Consideration
 
 
Success Fee
 
 
 
Liability
 
 
Liability
 
 
Liability
 
Balance at December 31, 2015
 
$
9,195
 
 
$
768
 
 
$
-
 
Reclassification of warrant liability to equity upon exercise of warrants
 
 
(1,363)
 
 
 
-
 
 
 
-
 
Gain on decrease in fair value of warrants issued with 2015 financing
 
 
(4,286)
 
 
 
-
 
 
 
-
 
Reclassification of contingent consideration liability to accrued liabilities
 
 
-
 
 
 
(355)
 
 
 
-
 
Gain on re-measurement of fair value of contingent consideration liability transferred to accrued liabilities
 
 
-
 
 
 
(196)
 
 
 
-
 
Fair value of contingent success fee related to long-term debt
 
 
 
 
 
 
 
 
 
 
116
 
Balance at December 31, 2016
 
$
3,546
 
 
$
217
 
 
$
116