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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of valuation of the Company's investments and financial instruments that are measured at fair value on a recurring basis
The following table summarizes the valuation of the Company’s financial instruments that are measured at fair value on a recurring basis:

 
 
March 31, 2018
 
December 31, 2017
 
 
 
 
Fair value measurement category
 
 
 
Fair value measurement category
(In thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
Liabilities:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Warrant liabilities
 
$
1,921

 
$

 
$
1,921

 
$

 
$
1,014

 
$

 
$
1,014

 
$

Summary of change in estimated fair value of warrant liabilities
The following table summarizes the change in the estimated fair value of the Company’s outstanding warrant liabilities as of March 31, 2018
Warrant Liabilities (In thousands)
 
Balance at December 31, 2017
$
1,014

Increase in fair value
2,907

Warrant exercise
(2,000
)
Balance at March 31, 2018
$
1,921