Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Reconciliation of Cash And Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in thousands):

	December 31, 2018		December 31, 2017
Cash	$	2,723	$	748
Restricted cash		29		29
Total cash and restricted cash shown in the statements of cash flows	$	2,752	$	777

Summary of Fair Values of Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis

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

			Quoted Prices in Active Markets		Significant Other Observable Inputs		Unobservable Inputs
Description	December 31, 2018		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and restricted cash	$	2,752	$	2,752	$	-	$	-
Total assets	$	2,752	$	2,752	$	-	$	-

Liabilities:
Warrants potentially settleable in cash (Note 10)	$	263	$	-	$	-	$	263
Total liabilities	$	263	$	-	$	-	$	263

			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 (Note 10)	$	569	$	-	$	-	$	569
Total liabilities	$	569	$	-	$	-	$	569

Schedule of Reconciliation of Beginning and Ending Level 3 Liabilities

The Company has not transferred any financial instruments into or out of Level 3 classification during the years ended December 31, 2018 and 2017. A reconciliation of the beginning and ending Level 3 liabilities for is as follows (in thousands):

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	2018			2017
Balance, January 1,	$	569		$	1,476
Change in fair value of warrants potentially settleable in cash (Note 10)		(306	)		(907	)
Balance at December 31,	$	263		$	569