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Other Current Liabilities
 6 Months Ended
Jun. 30, 2018
Other Liabilities Disclosure [Abstract]  
Other Current Liabilities

Note Six — Other Current Liabilities

Other current liabilities consisted of the following:

 

(In millions)

 

June 30,

2018

 

 

December 31,

2017

 

Accrued vendor payable

 

$

1.8

 

 

$

1.9

 

Accrued legal payable

 

 

1.4

 

 

 

0.1

 

Customer rebates and credits

 

 

1.1

 

 

 

0.3

 

Sales tax liability

 

 

0.5

 

 

 

0.1

 

Deferred rent liability

 

 

0.4

 

 

 

0.5

 

Warrant liability

 

 

0.4

 

 

 

0.4

 

Other

 

 

0.1

 

 

 

0.1

 

Total

 

$

5.7

 

 

$

3.4

 

 

On August 1, 2016, the company issued a warrant to Hercules Capital, Inc. (Hercules) that gives Hercules the right to purchase shares of the company’s common stock at $3.50 per share. The warrant is exercisable for 357,142 shares of common stock and expires on August 1, 2023. The warrant is accounted for as a liability and carried at fair market value using the Black-Scholes model. Changes in the warrant’s fair market value are recognized in non-operating income (expense) on the consolidated statements of operations.