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Warrants
9 Months Ended
Sep. 30, 2017
Warrants.  
Warrants

9. Warrants

In April 2014, the Company granted approximately 376,691 warrants to purchase common stock with an exercise price of $2.3229 per common share. The warrants were granted to ROS Acquisition Offshore LP in connection with a senior secured term loan that has since been repaid and expire on April 18, 2023. It was determined that the warrants granted are detachable and therefore are a stand-alone component of the senior secured term loan to be fair valued using Level III inputs as a separate derivative. As of September 30, 2017, these warrants remain exercisable for common stock.