Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016
	Level 1		Level 2		Level 3		Total
			(Unaudited)
2016 Placement Warrants	$	—	$	—	$	4,372	$	4,372

Summary of Changes in Fair Value of Level 3 Financial Liabilities

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

	Nine Months Ended September 30, 2016
	(Unaudited)
Fair value, beginning of period	$	—
Issuance of 2016 Placement Warrants		2,726
Change in fair value of Level 3 financial liabilities		1,646
Fair value, end of period	$	4,372