Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Measurements Tables  
Financial instruments carried at fair value on a recurring
          Quoted Prices in Active Markets   Significant Other Observable Inputs   Unobservable Inputs  
 Description   June 30, 2015     (Level 1)     (Level 2)     (Level 3)  
 Assets:                        
 Cash and cash equivalents   $ 15,781     $ 15,781     $ -     $ -  
 Total assets   $ 15,781     $ 15,781     $ -     $ -  
                                 
 Liabilities:                                
 Warrants potentially settleable in cash   $ 6,130     $ -     $ -     $ 6,130  
 Total liabilities   $ 6,130     $ -     $ -     $ 6,130  
                                 
    December 31, 2014     Quoted Prices in Active Markets   Significant Other Observable Inputs   Unobservable Inputs  
 Description       (Level 1)     (Level 2)     (Level 3)  
 Assets:                                
 Cash and cash equivalents   $ 3,970     $ 3,970     $ -     $ -  
 Marketable securities     1,975       -       1,975       -  
 Total assets   $ 5,945     $ 3,970     $ 1,975     $ -  
                                 
 Liabilities:                                
 Warrants potentially settleable in cash   $ 8,464     $ -     $ -     $ 8,464  
 Total liabilities   $ 8,464     $ -     $ -     $ 8,464  
Level 3 financial assets and liabilities
    Fair Value Measurements Using Significant Unobservable Inputs (Level 3)  
    June 30, 2015     June 30, 2014  
 Balance , January 1,   $ 8,464     $ 23  
 Change in fair value of Teva option     -       (23 )
 Estimated fair value of warrants assumed in merger on January 2, 2014     -       10,475  
 Estimated fair value of warrants issued in January 2014 common stock sale     -       3,696  
 Estimated fair value of warrants exchanged for common shares     (13,862 )     -  
 Change in fair value of warrants     11,528       (7,721 )
 Balance at June 30, 2015 and 2014   $ 6,130     $ 6,450