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DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2018
DERIVATIVE INSTRUMENTS  
Assumptions used in determining fair value of warrants

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

    

2018

    

2017

 

Risk free interest rate

 

2.09

%

1.91

%

Expected dividend yield

 

 —

%

 —

%

Contractual term (in years)

 

1.1

 

1.4

 

Expected volatility

 

109

%

82

%

 

Changes in derivative warrant liability

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

    

2018

    

2017

Balance at December 31, 

 

$

 4

 

$

1,314

Increase in derivative liability prior to warrant exchange

 

 

 —

 

 

 —

Repurchase of warrants

 

 

(14)

 

 

 —

Increase (decrease) in the fair value of warrants

 

 

12

 

 

(241)

Balance at March 31, 

 

$

 2

 

$

1,073