Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.8.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Summary of Changes in Fair Value of Level 3 Financial Liabilities

The following table presents the changes in fair value of our total Level 3 financial liabilities for the year ended December 31, 2017. During the twelve months ended December 31, 2017, no common stock warrants were issued that were classified as liabilities (in thousands):

 

 

 

Liability at

 

 

Liability Assumed

 

 

Unrealized

 

 

Liability at

 

 

 

December 31,

 

 

as part of

 

 

Gain on

 

 

December 31,

 

 

 

2016

 

 

Arrangement

 

 

warrants

 

 

2017

 

Warrant liability

 

$

 

 

$

150

 

 

$

(150

)

 

$

 

 

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

The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques we utilized to determine such fair value (in thousands):

 

December 31, 2017

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

1,262

 

 

$

 

 

$

 

 

$

1,262

 

Money market securities (cash equivalents)

 

 

4,022

 

 

 

 

 

 

 

 

 

4,022

 

Restricted cash (Note 12)

 

 

272

 

 

 

 

 

 

 

 

 

272

 

Total assets

 

$

5,556

 

 

$

 

 

$

 

 

$

5,556

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

$

 

 

$

 

 

$

 

 

$

 

 

December 31, 2016

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

15

 

 

$

 

 

$

 

 

$

15

 

Total assets

 

$

15

 

 

$

 

 

$

 

 

$

15

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

$

 

 

$

 

 

$

 

 

$

 

 

Summary of Cash and Cash Equivalents and Short Term Investments

Cash and cash equivalents and short term investments (in thousands):

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

December 31, 2017

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Cash

 

$

1,262

 

 

$

 

 

$

 

 

$

1,262

 

Money market securities

 

 

4,022

 

 

 

 

 

 

 

 

 

4,022

 

Total cash and cash equivalents

 

$

5,284

 

 

$

 

 

$

 

 

$

5,284

 

Money market securities (restricted cash)

 

 

272

 

 

 

 

 

 

 

 

 

272

 

Total restricted cash

 

$

272

 

 

$

 

 

$

 

 

$

272

 

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

December 31, 2016

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Cash

 

$

15

 

 

$

 

 

$

 

 

$

15

 

Total cash and cash equivalents

 

$

15

 

 

$

 

 

$

 

 

$

15