Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of reconciliation of beginning and ending Level 3 financial liability balance

The table below sets forth a reconciliation of the Company’s beginning and ending Level 3 preferred stock liability balance for the three and six months ended June 30, 2018 and 2017.



	Three Months Ended				Six Months Ended
	June 30				June 30
	2018		2017		2018		2017
Balance, beginning of period	$	286,874	$	—	$	263,317	$	—
Issuance of preferred stock at fair value	17,499		537,930		34,999		537,930
Change in fair value of preferred stock ⁽¹⁾	31,606		8,928		37,663		8,928
Balance, end of period	$	335,979	$	546,858	$	335,979	$	546,858

(1)Change in fair value of preferred stock is reported in interest expense - preferred stock