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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Liabilities

The following table sets forth the fair value of the Company’s financial liabilities by level within the fair value hierarchy (in thousands):

 

 

 

At September 30, 2015

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

Convertible preferred stock warrant liability

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

At December 31, 2014

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Convertible preferred stock warrant liability

 

$

 

 

$

 

 

$

138

 

 

$

138

 

 

Summary of Changes in Fair Value of Level 3 Financial Liabilities

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial liabilities (in thousands):

 

 

 

Nine Months

Ended September 30,

2015

 

 

 

(Unaudited)

 

Fair value, beginning of period

 

$

138

 

Change in fair value of Level 3 financial liabilities

 

 

(45

)

Reclassification of preferred stock warrant liabilities to additional paid-in-capital

   in conjunction with the conversion of the convertible preferred stock into common

   stock upon closing of the Merger

 

 

(93

)

Fair value, end of period

 

$