Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table sets forth Company’s assets and liabilities which are measured at fair value on a recurring basis by level within the fair value hierarchy.

Fair value measurements using: (000’s) as of December 31, 2013
	Level 1		Level 2		Level 3		Total
Assets
Money market accounts	$	7,572	$	—	$	—	$	7,572
Total Assets	$	7,572	$	—	$	—	$	7,572
Liabilities
Contingent Consideration	$	—	$	—	$	—	$	—
Warrants		—		—		3,986		3,986
Total Liabilities	$	—	$	—	$	3,986	$	3,986
Fair value measurements using: (000’s) as of March 31, 2014
	Level 1		Level 2		Level 3		Total
Assets
Money market accounts	$	36,057	$	—	$	—	$	36,057
Total Assets	$	36,057	$	—	$	—	$	36,057
Liabilities
Warrant Liability	$	—	$	—	$	2,850	$	2,850
Total Liabilities	$	—	$	—	$	2,850	$	2,850

Assumptions in Valuing Warrant Liability

Significant assumptions in valuing the warrant liability were as follows as of December 31, 2013 and March 31, 2014.

	March 31, 2014			December 31, 2013
Warrants
Exercise price	$	3.50		$	3.50
Volatility		52.7	%		56.2	%
Equivalent term (years)		3.77			4.00
Risk-free interest rate		1.3	%		1.3	%

Reconciliation of Changes in Fair Value of Warrants

The following sets forth a reconciliation of the changes in the fair value of warrants payable during the period:

Warrants	Amount
Balance as of December 31, 2013		3,986
Gain from change in fair value of warrant		(1,136	)
Balance as of March 31, 2014	$	2,850