Warrants (Tables)

3 Months Ended

Mar. 31, 2016

Warrants [Abstract]

Warrants Fair Value Assumptions

A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company's warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of March 31, 2016 and December 31, 2015 is as follows:

	March 31, 2016			December 31, 2015
Number of shares underlying the warrants		14,099,267			14,099,267
Stock price	$	0.95		$	1.11
Volatility		50.00	%		35.90 – 50.00	%
Risk-free interest rate		0.26% – 1.07	%		0.02% - 1.63	%
Expected dividend yield		0	%		0	%
Expected warrant life	0.32 – 4.23 years			0.07 – 4.48 years

Schedule of Derivative Warrant Liabilities

Fair Value Measurements Using Significant Unobservable Inputs (Level 3):

Issuance Date	December 31, 2015		Decrease in Fair Value			March 31, 2016
10/31/2013	$	379	$	(99	)	$	280
2/5/2014		715		(187	)		528
7/24/2014 Series A (1)		2,415		(621	)		1,794
7/24/2014 Series B (1)		1,726		(638	)		1,088
6/22/2015		1,807		(440	)		1,367
Total	$	7,042	$	(1,985	)	$	5,057

(1)  These warrants were modified on September 30, 2015 and as a result of the modification these warrants met the definition of a derivative and were reclassified to a warrant liability.

Issuance Date	December 31, 2014		Increase in Fair Value		March 31, 2015
10/31/2013	$	233	$	377	$	610
2/5/2014		266		957		1,223
Total	$	499	$	1,334	$	1,833

Schedule of Warrants Subject to Remeasurement

Number of Warrants Subject to Remeasurement:

Issuance Date	December 31, 2015	Additions	Reductions	March 31, 2016
10/31/2013	685,715	-	-	685,715
2/5/2014	1,329,731	-	-	1,329,731
7/24/2014 Series A	4,288,500	-	-	4,288,500
7/24/2014 Series B	4,795,321	-	-	4,795,321
6/22/2015	3,000,000	-	-	3,000,000
Total	14,099,267	-	-	14,099,267