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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes assets and liabilities measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015, respectively:

 

     June 30, 2016      December 31, 2015  
    

Level

1

    

Level  

2  

    

Level

3

     Total       

Level

1

    

Level

2

    

Level

3

     Total  

Fair Value

                       

Measurements Using:

                       

Liabilities

                       

Derivative liabilities- free standing warrants

   $      $ 114       $      $ 114       $ —          $ —          $ —          $ —       
Schedule of Derivative Liabilities Measured at Fair Value Using Observable Inputs (Level 2)

The table below provides a reconciliation of the beginning and ending balances for the liabilities measured at fair value using observable inputs (Level 2). The table reflects net gains and losses for all financial liabilities categorized as Level 2 as of June 30, 2016 and December 31, 2015.

 

             $                Number of  
Warrants
 

Liabilities:

     

Warrant liability as of December 31, 2015

   $   —                 —         

Increase due to issuance of warrants

   $ 136         84,986   

Decrease due to fair value of warrants

   $ (22      —         
  

 

 

    

 

 

 

Warrant liability as of June 30, 2016

   $ 114         84,986