XML 51 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Term Loan and Derivative Liability
The Company estimated the fair value of the Term Loan and the derivative liability using Level 3 valuation techniques. The estimated fair value of the Term Loan was determined by discounting future projected cash flows using a discount rate commensurate with the risks involved and by using the Black-Scholes valuation model, while the estimated fair value of the derivative liability was determined using the Black-Scholes valuation model.

 
 
December 31, 2017
 
December 31, 2016
(in thousands)
 
Face Value
 
Fair Value
 
Carrying Amount
 
Face Value
 
Fair Value
 
Carrying Amount
Term Loan
 
$
8,500

 
$
6,013

 
$
7,649

 
$
5,000

 
$
4,865

 
$
2,218

Derivative liability
 
$
152

 
$
89

 
$
89

 
$
—

 
$
—

 
$
—