Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.7.0.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Summary of financial liabilities measured at fair value on a recurring basis
The following table summarizes the financial liabilities measured at fair value on a recurring basis segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):
 
June 30, 2017
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Warrant liability
$
7,043

 
$

 
$

 
$
7,043

Note payable
333

 

 

 
333

 
$
7,376

 
$

 
$

 
$
7,376

 
 
 
 
 
 
 
 
 
December 31, 2016
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Warrant liability
$
2,018

 
$

 
$

 
$
2,018

Note payable
114

 

 

 
114

 
$
2,132

 
$

 
$

 
$
2,132

 
 
 
 
 
 
 
 
Schedule of fair value notes payable of business acquisition and warrant liability
The following table summarizes the activity of the note payable to VenturEast and of our derivative warrants, which was measured at fair value using Level 3 inputs (in thousands):
 
Note Payable
 
Warrant
 
to VenturEast
 
Liability
Fair value at December 31, 2016
$
114

 
$
2,018

Fair value of warrants issued

 
1,004

Fair value of warrants exercised

 
(2,696
)
Change in fair value
219

 
6,717

Fair value at June 30, 2017
$
333

 
$
7,043