Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.3.1.900
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Schedule of Fair Value, Financial Assets and Liabilities [Table Text Block]
($ rounded to nearest thousand)     Fair value measurement using  
      Quoted prices     Significant     Significant        
      in     other     unobservable        
      active markets     observable     inputs        
      (Level 1)     inputs (Level 2)     (Level 3)     Total  
Balance at December 31, 2015                          
Liabilities:                          
Warrant liability   $   -   $   -   $ 2,327,000   $ 2,327,000  
($ rounded to nearest thousand)     Fair value measurement using  
      Quoted prices     Significant     Significant        
      in     other     unobservable        
      active markets     observable     inputs        
      (Level 1)     inputs (Level 2)     (Level 3)     Total  
Balance at December 31, 2014                          
Liabilities:                          
Warrant liability   $   -   $   -   $ 4,633,000   $ 4,633,000  
Schedule of Reconciliation of Warrant Liability [Table Text Block]
($ rounded to nearest thousand)   Warrant Liability  
       
Balance at December 31, 2013 $ 1,711,000  
Issuance of additional warrants   4,416,000  
Exercise of warrants   (331,000 )
Change in fair value of warrant liability   (1,163,000 )
Balance at December 31, 2014 $ 4,633,000  
Issuance of additional warrants   -  
Exercise of warrants   -  
Change in fair value of warrant liability   (2,306,000 )
Balance at December 31, 2015 $ 2,327,000