Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.7.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The Company’s assets and 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, 2016 (in thousands):
 
 
 
Fair Value Measurements Using
 
Total Fair
Value at
December 31, 2016
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Liabilities:
 
 
 
 
 
 
 
Derivative warrant liability
$
893

 
$

 
$

 
$
893

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
The Company classified the warrant liability as Level 3 due to the lack of relevant observable market data over fair value inputs such as the probability-weighting of the various scenarios in the arrangement. The following table represents a rollforward of the fair value of the Level 3 instrument (significant unobservable inputs):
Balance at December 31, 2015
 
$

Issuance of warrant instrument
 
1,030

Change in fair value
 
(137
)
Balance at December 31, 2016
 
$
893