Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
The following table provides the financial assets and liabilities reported at fair value and measured on a recurring basis at June 30:
 
In thousands
 
Description
 
Liabilities
Measured at Fair
Value
 
 
Quoted Prices
in Active
Markets for
Identical
Assets (Level 1)
 
 
Significant Other
Observable Inputs
(Level 2)
 
 
Significant Other
Unobservable Inputs
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of warrant liability:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2017
 
$
1,185
 
 
$
-
 
 
$
-
 
 
$
1,185
 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table provides a summary of changes in fair value associated with the Level 3 liabilities for the quarter ended June 30, 2017:
 
In thousands
 
 
 
Warrant
Liability –
Current
 
 
Warrant
Liability –
Long-Term
 
 
Warrant
Liability –
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, March 31, 2017
 
$
1,238
 
 
$
1,846
 
 
$
3,084
 
Reclass of liability from long-term to current
 
 
1,846
 
 
 
(1,846
)
 
 
 
Change in fair value
 
 
3,342
 
 
 
— 
 
 
 
3,342
 
Expiration of warrants
 
 
(1,238
)
 
 
— 
 
 
 
(1,238
)
Transfer in and out (exercise of warrants)
 
 
(4,003
)
 
 
— 
 
 
 
(4,003
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, June 30, 2017
 
$
1,185
 
 
$
 
 
$
1,185
 
 
The following table provides a summary of changes in fair value associated with the Level 3 liabilities for the six months ended June 30, 2017:
 
In thousands
 
 
 
Warrant
Liability –
Current
 
 
Warrant
Liability –
Long-Term
 
 
Warrant
Liability –
Total
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period December 31, 2016
 
$
 
 
$
 
 
$
 
Issuances of warrants
 
 
2,453
 
 
 
1,690
 
 
 
4,143
 
Reclass of liability from long-term to current
 
 
1,846
 
 
 
(1,846
)
 
 
 
Change in fair value
 
 
2,378
 
 
 
(59
)
 
 
2,319
 
Transfers in and out (exercise of warrants)
 
 
(4,253
)
 
 
215
 
 
 
(4,038)
 
Expiration of warrants
 
 
(1,238
)
 
 
— 
 
 
 
(1,238
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, end of period June 30, 2017
 
$
1,185
 
 
$
 
 
$
1,185