Fair Value Considerations (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Considerations [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy:

	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Total
June 30, 2020
Liabilities:
Warrant derivative liability	$	—	$	—	$	1,908,000	$	1,908,000
December 31, 2019
Liabilities:
Warrant derivative liability	$	—	$	—	$	2,064,000	$	2,064,000

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as Level 3 in the fair value hierarchy:

	Derivative Instruments
Balance as of December 31, 2019	$	2,064,000
Warrant exercises		(121,000)
Change in fair value		(35,000)
Balance as of June 30, 2020	$	1,908,000