Derivative Financial Instruments - Warrants (Tables) - Black Scholes Option Pricing Method

12 Months Ended

Dec. 31, 2016

Derivative financial instruments

Schedule of Assumptions Used to Determine the Fair Value of Warrants

The range of assumptions used to determine the fair value of the warrants valued using the Black-Scholes option pricing model during the periods indicated was:

	Year ended December 31
	2016	2015	2014
Estimated fair value of Trovagene common stock	$2.10 - $4.65	$5.40 - $10.15	$3.00 - $6.74
Expected warrant term	2.0 - 2.8 years	3.0 - 3.8 years	4.0 years
Risk-free interest rate	0.71% - 1.20%	0.89% - 1.31%	1.38%
Expected volatility	82% - 94%	73% - 77%	86%
Dividend yield	—%	—%	—%

Schedule of Components of Changes in the Company’s Derivative Financial Instruments Liability Balance

The following table sets forth the components of changes in the Company’s derivative financial instruments—warrants liability balance, valued using the Black-Scholes option pricing method, for the periods indicated.

Date	Description	Number of Warrants		Derivative Instrument Liability
December 31, 2014	Balance of derivative financial instruments—warrants liability	1,013,961		$	3,006,021
	Exercised warrants	(46,666	)	(435,365		)
	Change in fair value of warrants during the year recognized as a loss in the statement of operations	—		726,421
December 31, 2015	Balance of derivative financial instruments—warrants liability	967,295		3,297,077
	Change in fair value of warrants during the year recognized as a gain in the statement of operations	—		(2,462,137		)
December 31, 2016	Balance of derivative financial instruments—warrants liability	967,295		$	834,940