Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.10.0.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis

The following table presents a summary of fair values of assets and liabilities that are re-measured at fair value at each balance sheet date as of September 30, 2018 and December 31, 2017, and their placement within the fair value hierarchy as discussed above:

 

          Quoted
Prices in
Active
Markets
    Significant
Other
Observable
Inputs
    Unobservable
Inputs
 
Description   September 30, 2018     (Level 1)     (Level 2)     (Level 3)  
Assets:                                
Cash and restricted cash   $ 4,713     $ 4,713     $ -     $ -  
Total assets   $ 4,713     $ 4,713     $ -     $ -  
                                 
Liabilities:                                
Warrants potentially settleable in cash   $ 159     $ -     $ -     $ 159  
Total liabilities   $ 159     $ -     $ -     $ 159  

 

          Quoted
Prices in
Active
Markets
    Significant
Other
Observable
Inputs
    Unobservable
Inputs
 
Description   December 31, 2017     (Level 1)     (Level 2)     (Level 3)  
Assets:                                
Cash and restricted cash   $ 777     $ 777     $ -     $ -  
Total assets   $ 777     $ 777     $ -     $ -  
                                 
Liabilities:                                
Warrants potentially settleable in cash   $ 569     $ -     $ -     $ 569  
Total liabilities   $ 569     $ -     $ -     $ 569  

Schedule of Reconciliation of Beginning and Ending Level 3 Liabilities

A reconciliation of the beginning and ending Level 3 liabilities for the nine months ended September 30, 2018 and 2017 is as follows (in thousands):

 

    Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3)
 
    September 30, 2018     September 30, 2017  
Balance, January 1,   $ 569     $ 1,476  
Change in fair value of warrants     (410 )     (621 )
Balance at September 30,   $ 159     $ 855