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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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.
 
 
June 30, 2016
 
December 31, 2015
(in thousands)
 
Face Value

Fair Value

Carrying Amount
 
Face Value
 
Fair Value
 
Carrying Amount
Term Loan
 
$
5,000

 
$
3,590

 
$
1,953

 
$
5,000

 
$
3,837

 
$
2,052

Derivative liability
 
$

 
$

 
$

 
$
1,250

 
$
828

 
$
828