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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Company's Financial Assets and Liability Measured at Fair Value on a Recurring Basis
The following fair value hierarchy table presents information about each major category of the Company’s financial assets and liability measured at fair value on a recurring basis as of December 31, 2014 and 2013:
 
 
Fair value measurement using
($ in thousands) 
Quoted prices in
 active markets 
(Level 1)
 
Significant
 other
 observable
 inputs (Level 2)
 
Significant 
unobservable
 inputs
 (Level 3)
 
Total
Balance at December 31, 2014
 

 
 

 
 

 
 

Assets:
 

 
 

 
 

 
 

Cash and cash equivalents
$
37,495

 
$

 
$

 
$
37,495

Liabilities:
 

 
 

 
 

 
 

Warrant liability
$

 
$

 
$
11,286

 
$
11,286

 
Fair value measurement using
($ in thousands) 
Quoted prices in
 active markets 
(Level 1)
 
Significant
 other
 observable
 inputs (Level 2)
 
Significant 
unobservable
 inputs
 (Level 3)
 
Total
Balance at December 31, 2013
 

 
 

 
 

 
 

Assets:
 

 
 

 
 

 
 

Cash and cash equivalents
$
60,033

 
$

 
$

 
$
60,033

Liabilities:
 

 
 

 
 

 
 

Warrant liability
$

 
$

 
$
15,216

 
$
15,216

Warrant liability  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]  
Reconciliation of Warrant Liability Measured at Fair Value on Recurring Basis
The reconciliation of warrant liability measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:
($ in thousands)
Warrant Liability
Balance at December 31, 2011
$
23,754

Issuance of additional warrants
6,766

Exercise of warrants
(11
)
Extinguishment of debt related to warrants
4,410

Change in fair value of warrant liability
(20,404
)
Balance at December 31, 2012
$
14,515

Exercise of warrants
(352
)
Cancellation of warrants
(41
)
Change in fair value of warrant liability
1,094

Balance at December 31, 2013
$
15,216

Exercise of warrants

Cancellation of warrants

Change in fair value of warrant liability
(3,930
)
Balance at December 31, 2014
$
11,286

Derivative Liability  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]  
Reconciliation of Warrant Liability Measured at Fair Value on Recurring Basis
The reconciliation of derivative liability measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:
 
Derivative
Liability
Balance at January 1, 2012
534

Issuance of additional preferred stock and other
793

Conversion of preferred stock
(1,350
)
Change in fair value of derivative liability
23

Balance at December 31, 2012