Quarterly report pursuant to Section 13 or 15(d)

Basis of presentation, principles of consolidation and significant accounting policies (Tables)

v3.10.0.1
Basis of presentation, principles of consolidation and significant accounting policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of Financial Assets and Liabilities
The following table provides the financial assets and liabilities reported at fair value and measured on a recurring basis at December 31, 2017 and June 30, 2018 (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 as of December 31, 2017: $ 503  $ —  $ —  $ 503 
Fair value of warrant liability as of June 30, 2018: $ 3,653  $ —  $ —  $ 3,653 
Schedule of Level 3 Liabilities The table below (in thousands) of Level 3 liabilities begins with the valuation as of the beginning of quarter two and then is adjusted for the issuances and exercises that occurred during the second quarter of 2018 and adjusts for balances for changes in fair value that occurred during the current quarter. The ending balance of the Level 3 financial instrument presented above represents our best estimates and may not be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments.
Three months ended June 30, 2018: 
Warrant
Liability –
Current
Warrant
Liability –
Long-Term
Warrant
Liability –
Total
Balance, March 31, 2018
$ 463  $ 2,410  $ 2,873 
Exercise of warrants —  —  — 
Issuances of warrants —  1,111  1,111 
Change in fair value - net
(12) (319) (331)
Balance, June 30, 2018 $ 451  $ 3,202  $ 3,653 

 
The table below (in thousands) of Level 3 liabilities begins with the valuation as of December 31, 2017 and then is adjusted for the issuances, exercises, and the changes in fair value that occurred during the six months ended June 30, 2018. The ending balance of the Level 3 financial instrument presented above represents its best estimates and may not be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments.
 
Six months ended June 30, 2018: 
Warrant
Liability –
Current
Warrant
Liability –
Long-Term
Warrant
Liability –
Total
Balance, December 31, 2017 $ 503  $ —  $ 503 
Exercise of warrants (13) —  (13)
Issuances of warrants —  4,203  4,203 
Change in fair value - net
(39) (1,001) (1,040)
Balance, June 30, 2018 $ 451  $ 3,202  $ 3,653