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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Measurements  
Schedule of table represents the liabilities measured and recognized at fair value on a recurring basis

 

 

Fair value

 

Quoted Prices in
Active Markets for
Identical Assets and
Liabilities
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

As of June 30, 2018

 

 

 

 

 

 

 

 

 

Derivative liabilities related to warrants

 

$

(139,017

)

$

 

$

 

$

(139,017

)

Contingent consideration

 

(3,220,000

)

 

 

(3,220,000

)

Debt

 

(2,000,000

)

 

 

(2,000,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

 

 

 

 

 

 

 

 

 

Derivative liabilities related to warrants

 

$

(669,462

)

$

 

$

 

$

(669,462

)

Contingent consideration

 

(3,380,000

)

 

 

(3,380,000

)

Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of changes in fair value of level 3 convertible debt

 

 

 

Fair Value of
Convertible Debt

 

Balance at May 8, 2018

 

$

(2,000,000

)

Paid-in-kind interest

 

(31,948

)

 

 

 

 

Change in fair value

 

31,948

 

 

 

 

 

Balance at June 30, 2018

 

$

(2,000,000

)

 

 

 

 

 

 

Schedule of changes in fair value of contingent consideration

 

 

 

Acquisition-
related 
Contingent 
Consideration

 

 

 

 

 

Liabilities

 

 

 

Balance at December 31, 2017

 

$

3,380,000

 

Change in fair value recorded in earnings

 

(160,000

)

 

 

 

 

Balance at June 30, 2018

 

$

3,220,000