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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables show assets measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016:

 

 

 

March 31, 2017

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,386

 

 

$

 

 

$

 

Totals

 

$

7,386

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Silver Creek warrant liability

 

$

 

 

$

 

 

$

2,926

 

Totals

 

$

 

 

$

 

 

$

2,926

 

 

 

 

December 31, 2016

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

12,373

 

 

$

 

 

$

 

Totals

 

$

12,373

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Silver Creek warrant liability

 

$

 

 

$

 

 

$

1,499

 

Totals

 

$

 

 

$

 

 

$

1,499