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)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of Financial Assets and Liabilities
The following table provides assets and liabilities reported at fair value and measured on a recurring basis at December 31, 2017 and September 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 September 30, 2018:  $ 3,079  $ —  $ —  $ 3,079 
Schedule of Level 3 Liabilities The table below (in thousands) of Level 3 liabilities begins with the valuation as of the beginning of the third quarter and then is adjusted for the issuances and exercises that occurred during the third 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 September 30, 2018: 
Warrant
Liability –
Current
Warrant
Liability –
Long-Term
Warrant
Liability –
Total
Balance, June 30, 2018  $ 451  $ 3,202  $ 3,653 
Exercise of warrants  —  —  — 
Issuances of warrants  —  —  — 
Change in fair value - net  (82) (492) (574)
Balance, September 30, 2018 $ 369  $ 2,710  $ 3,079 
 
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 nine months ended September 30, 2018. 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.

Nine months ended September 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  (121) (1,493) (1,614)
Balance, September 30, 2018  $ 369  $ 2,710  $ 3,079