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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of changes in fair value of the company's level 3 financial instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

March 31, 

 

March 31, 

($ in thousands)

    

2017

    

2016

    

2017

    

2016

Beginning balance

 

$

 —

 

$

(1,865)

 

$

(3,739)

 

$

(978)

Increase due to change in fair value of warrant liabilities

 

 

 —

 

 

(4,805)

 

 

(1,490)

 

 

(5,692)

Reclass of fair value of warranty liability to common stock upon exercise of warrants

 

 

 —

 

 

706

 

 

5,229

 

 

706

Ending balance

 

$

 —

 

$

(5,964)

 

$

 —

 

$

(5,964)