FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of changes in Level 3 fair value measurements

The following table provides a summary of changes in the fair value of the Company’s warrant liability, which is included as a component of other (income) expense (in thousands) which was subsequently remeasured to the fair value at the date of the IPO and reclassified to additional paid-in capital at that time:

		Three Months Ended
		September 30,
	2018		2017
	Warrant		Warrant
	Liability		Liability
Fair value -June 30,	$	—	$	2,260
Change in fair value of warrant liability		—		623
Reclassification of preferred warrant liability		—		(2,883)
Fair value - September 30,	$	—	$	—

		Nine Months Ended
		September 30,
	2018		2017
	Warrant		Warrant
	Liability		Liability
Fair value - December 31,	$	—	$	1,039
Change in fair value of warrant liability		—		1,844
Reclassification of preferred warrant liability		—		(2,883)
Fair value - September 30,	$	—	$	—