Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.4.0.3
Fair Value Measurements (Tables)
3 Months Ended
Mar. 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 are as follows:
 
 
 
 
 
Quoted Prices in
 
Significant
 
 
 
 
 
 
 
Active Markets
 
Other
 
Significant
 
 
 
 
 
For Identical
 
Observable
 
Unobservable
 
 
 
 
 
Items
 
Inputs
 
Inputs
 
 
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liability
 
$
(6,210)
 
$
-
 
$
-
 
$
(6,210)
 
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 three month period ended March 31, 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
 
 
2,985
 
 
-
 
Balance at March 31, 2016
 
$
(6,210)
 
 
(768)