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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value of Term Loan and Derivative Liability
The Company estimated the fair value of the Term Loan and derivative liability using the Black-Scholes valuation model, which is a Level 3 valuation technique.
 
 
March 31, 2016
(in thousands)
 
Face Value
 
Fair Value
 
Carrying Amount
Term Loan
 
$
5,000

 
$
2,885

 
$
1,961

Derivative liability
 
$
1,250

 
$
887

 
$
887