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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Financial Instruments Measured at Fair Value Measured on Recurring Basis

The following table presents financial instruments measured at fair value measured on a recurring basis:

 

 

 

December 31, 2016

 

 

 

Carrying

value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash and cash equivalents - money market fund

 

$

12.1

 

 

$

12.1

 

 

$

 

 

$

 

Warrant liability

 

 

0.8

 

 

 

 

 

 

 

 

 

0.8

 

 

 

 

December 31, 2015

 

 

 

Carrying

value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash and cash equivalents - money market fund

 

$

13.7

 

 

$

13.7

 

 

$

 

 

$

 

Warrant liability

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Activities in Company's Level 3 Warrants

The following table represents the activity in the Company’s Level 3 warrants during the years ended:

 

(In millions)

 

Amount

 

Level 3 warrants, ending balance at December 31, 2013

 

$

0.8

 

Change in fair value of warrant liability

 

 

0.1

 

Warrant exercise

 

 

(0.5

)

Level 3 warrants, ending balance at December 31, 2014

 

 

0.4

 

Change in fair value of warrant liability

 

 

 

Warrant exercise

 

 

(0.4

)

Level 3 warrants, ending balance at December 31, 2015

 

 

 

Addition - Hercules warrants, initial fair value

 

 

0.9

 

Change in fair value of warrant liability

 

 

(0.1

)

Level 3 warrants, ending balance at December 31, 2016

 

$

0.8