Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.19.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
The Company’s liabilities measured at fair value on a recurring basis and the fair value hierarchy utilized to determine such fair values is as follows at December 31, 2018 and 2017 (in thousands):
 
 
 
Fair Value Measurements Using
 
Total Fair
Value at
December 31, 2018
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Liabilities:
 
 
 
 
 
 
 
Derivative warrant liability - ESW warrant
$
2,015

 
$

 
$

 
$
2,015

Derivative warrant liability - Hale warrant
750

 

 

 
750

Derivative warrant liability - iStudy
33

 

 

 
33

Derivative warrant liability
$
2,798

 
$

 
$

 
$
2,798

 
 
 
Fair Value Measurements Using
 
Total Fair
Value at
December 31, 2017
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Liabilities:
 
 
 
 
 
 
 
Derivative warrant liability - Hale warrant
$
819

 
$

 
$

 
$
819

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table represents a rollforward of the fair value of the Level 3 instruments (significant unobservable inputs):
Balance at December 31, 2017
 
$
819

Additions to warrant liability
 
2,347

Change in fair value
 
(368
)
Balance at December 31, 2018
 
$
2,798