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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Summary of Property, Plant and Equipment

The following tables summarizes the Company property, plant and equipment as of December 31, 2017 (amounts in thousands). The Company had no property, plant and equipment as of December 31, 2016.

 

 

 

As of

December 31, 2017

 

Leasehold improvement

 

$

173

 

Software

 

 

17

 

 

 

 

190

 

Less accumulated depreciation

 

 

(17

)

Total

 

$

173

 

 

Summary of Derivative Financial Instruments for Non-employee Stock Options

The following table summarizes the Company’s derivative financial instruments within the fair value hierarchy as of December 31, 2017 and 2016 (amounts in thousands):

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-employee stock options

 

$

2,637

 

 

 

 

 

 

 

 

$

2,637

 

Warrants

 

 

6,941

 

 

 

 

 

 

 

 

 

6,941

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-employee stock options

 

$

1,617

 

 

 

 

 

 

 

 

$

1,617

 

Warrants

 

 

2,857

 

 

 

 

 

 

 

 

 

2,857

 

 

Summary of Basic and Diluted Loss per Share

The basic and diluted loss per share for the periods noted below is as follows (amounts in thousands, except for share and per share amounts):

 

 

 

Year Ended

December 31, 2017

 

 

Nine Months Ended

December 31, 2016

 

Basic and Diluted

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Net loss

 

$

(28,024

)

 

$

(12,040

)

Denominator

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic and diluted

 

 

18,632,740

 

 

 

16,671,019

 

Basic and diluted net loss per share

 

$

(1.50

)

 

$

(0.72

)

 

Summary of Outstanding Securities Excluded from Computation of Diluted Weighted Shares Outstanding

The following outstanding securities have been excluded from the computation of diluted weighted shares outstanding for the periods noted below, as they would have been anti-dilutive:

 

 

 

Year Ended

December 31, 2017

 

 

Nine Months Ended

December 31, 2016

 

Options outstanding

 

 

2,448,646

 

 

 

1,969,000

 

Warrants outstanding

 

 

2,379,919

 

 

 

2,017,252

 

Total

 

 

4,828,565

 

 

 

3,986,252