Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial assets on recurring basis

The following tables present the Company’s fair value hierarchy for all its financial assets, in thousands, by major security type measured at fair value on a recurring basis as of June 30, 2017:

 

    June, 30 2017  
    Estimated Fair Value     Level 1     Level 2     Level 3  
Assets:                                
    $     $     $     $  
Liabilities:                                
Common Stock Warrant Liability   $ 864,371                     $ 864,371  
Schedule of changes in the Company's Level 3 warrant liability

The following table summarizes the changes in the Company’s Level 3 warrant liability for the six months ended June 30, 2017:

 

    June 30, 2017  
Warrant liability        
Beginning balance   $  
Issuances of warrants     1,612,417  
Warrant exercises     (900,493 )
Change in fair value     152,447  
Ending balance     864,371