Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2019
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:
 
 
Total
 
Level 1
 
Level 2
 
Level 3
September 30, 2019
 
 

 
 

 
 

 
 

Liabilities
 
 

 
 

 
 

 
 

Warrant liabilities
 
$
2,131

 
$
—

 
$
—

 
$
2,131

Contingent success fee liability
 
$
15

 
$
—

 
$
—

 
$
15

 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Warrant liability
 
$
585

 
$
—

 
$
—

 
$
585

Contingent success fee liability
 
$
34

 
$
—

 
$
—

 
$
34

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 period ended September 30, 2019, which were measured at fair value on a recurring basis:
 
 
Warrant Liability
 
Contingent Success
Fee Liability
Balance at December 31, 2018
 
$
585

 
$
34

Initial fair value of warrants issued in conjunction with May 2019 financing
 
7,334

 
—

Gain on revaluation of warrants issued in May 2019 financing and December 2015 financing
 
(6,045
)
 
—

Loss on modification of December 2015 warrants
 
257

 
—

Gain on revaluation of contingent liabilities
 
—

 
(19
)
Balance at September 30, 2019
 
$
2,131

 
$
15