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Warrants
 9 Months Ended
Sep. 30, 2017
Warrants [Abstract]  
Warrants
Note 8
Warrants:
The Company accounts for warrants that require net cash settlement upon change of control of the Company and warrants that have provisions that protect holders from a decline in the issue price of its common stock (or "down-round" provisions) as liabilities instead of equity. Warrants with "downround" provisions did not exist as of or during the nine months ended September 30, 2017 or as of December 31, 2016.

The Company recognizes these liabilities at the fair value on each reporting date. The Company computed the value of the warrants using the binomial method. 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 September 30, 2017 and December 31, 2016 is as follows:

 
September 30, 2017
 
December 31, 2016
 
 
 
 
 
 
Number of shares underlying the warrants
 
 
403,090
 
 
 
403,090
 
Stock price
 
$
1.77
 
 
$
2.20
 
Volatility
 
 
48.00
%
 
 
47.00
%
Risk-free interest rate
 
 
1.31 – 1.45
%
 
 
1.22
%
Expected dividend yield
 
 
0
%
 
 
0
%
Expected warrant life
1.37 – 1.60 years
 
2.12 – 2.35 years
 

Recurring Level 3 Activity and Reconciliation

The tables below provide a reconciliation of the beginning and ending balances for the liability measured at fair value using significant unobservable inputs (Level 3). The table reflects gains and losses for the nine month periods ended September 30, 2017 and 2016, for all financial liabilities categorized as Level 3 as of September 30, 2017 and September 30, 2016, respectively.

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

Issuance Date
 
December 31, 2016
  
Decrease in Fair Value
  
September 30, 2017
 
 
         
10/31/2013
 
$
39
  
$
(28
)
 
$
11
 
2/5/2014
  
66
   
( 49
)
  
17
 
 
            
Total
 
$
105
  
$
(77
)
 
$
28
 

Issuance Date
 
December 31, 2015
  
Decrease in Fair Value
  
Reclassification to Equity
  
September 30, 2016
 
 
            
10/31/2013
 
$
379
  
$
(312
)
 
$
-
  
$
67
 
2/5/2014
  
715
   
(597
)
  
-
   
118
 
7/24/2014 Series A
  
2,415
   
(1,573
)
  
(842
)
  
-
 
7/24/2014 Series B
  
1,726
   
(1,713
)
  
(13
)
  
-
 
6/22/2015
  
1,807
   
(1,121
)
  
(686
)
  
-
 
 
                
Total
 
$
7,042
  
$
(5,316
)
 
$
(1,541
)
 
$
185
 

Number of Warrants Subject to Remeasurement:

Issuance Date
 
September 30, 2017
 
 
   
10/31/2013
  
137,143
 
2/5/2014
  
265,947
 
 
    
Total
  
403,090