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 Measurements Tables  
Schedule of Fair Value, Financial Assets and Liabilities
    Fair value measurement using  
 
 
 
($ rounded to nearest thousand)
 
 
 
 

Quoted

prices
in active markets
(Level 1)

 
 
 
 
 
 
 
 

Significant
other
observable
inputs

(Level 2)

 
 
 
 
 
 
 
 
Significant
unobservable
inputs
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
                           
Balance at September 30, 2016                          
Liabilities:                          
Warrant liability   $ -     $ -     $ 121,000     $ 121,000  
                                 

 

    Fair value measurement using  
 
 
 
($ rounded to nearest thousand)
 
 
 
 

Quoted

prices

in active

markets

(Level 1)

 
 
 
 
 
 
 
 

Significant

other

observable

inputs

(Level 2)

 
 
 
 
 
 
 
 

Significant

unobservable
inputs
(Level 3)

 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
                           
Balance at December 31, 2015                          
Liabilities:                          
Warrant liability   $ -     $ -     $ 2,327,000     $ 2,327,000  
Schedule of Reconciliation of Warrant Liability

 

($ rounded to nearest thousand)

 

Warrant

Liability

 
       
Balance at December 31, 2014   $ 4,633,000  
Change in fair value of warrant liability     (2,306,000 )
Balance at December 31, 2015   $ 2,327,000  
Reclassification to equity     (692,000 )
Change in fair value of warrant liability     (1,643,000 )
Warrant modification expense     129,000  
Balance at September 30, 2016   $ 121,000