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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assumptions and Methodology
The following table sets forth the Level 3 inputs to the binomial lattice model that were used to determine the fair value of the Elutions Note and the Holder Redemption Option:
 
 
 
December 30, 2017
 
December 31, 2016
Common stock price
 
$
0.16

 
$
0.91

Dividend yield
 
0.0
%
 
0.0
%
Credit spread
 
24.9
%
 
16.0
%
Risk-free interest rate
 
1.8
%
 
1.3
%
Estimated stock volatility
 
140.6
%
 
77.3
%
Fair Value, Liabilities Measured on Recurring Basis
As of December 30, 2017 and December 31, 2016, liabilities recorded at fair value on a recurring basis consist of the following (in thousands):
 
Total
 
Quoted prices in
 active markets
Level 1
 
Significant other
 observable inputs
Level 2
 
Significant other
 unobservable
inputs
Level 3
December 30, 2017:
 

 
 

 
 

 
 

Holder Redemption Option
$
633

 
$

 
$

 
$
633

 
 
 
 
 
 
 
 
December 31, 2016:
 

 
 

 
 

 
 

Holder Redemption Option
$
970

 
$

 
$

 
$
970

 
 
 
 
 
 
 
 
Earn-Out Liability
$
1,903

 
$

 
$

 
$
1,903

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the changes to the fair value of the Holder Redemption Option which is a Level 3 liability (in thousands):
 
 
Holder
 Redemption
 Option
Fair value at December 31, 2016
$
970

(Decrease) increase in fair value
(337
)
Fair value at December 30, 2017
$
633