Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.7.0.1
Fair Value (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value [Abstract]  
Schedule of fair value on a recurring basis
   

Quoted

Prices in

Active

Markets

for

Identical

Assets or Liabilities
(Level 1)

   

Significant Other Observable Inputs

(Level 2)

    Significant Unobservable Inputs
(Level 3)
    Total  
Warrant liability     --       --       3,775       3,775  
Derivative liability – June 30, 2017   $ --     $ --     $ 3,775     $ 3,775  
Schedule of assumptions utilized in the valuation of Level 3 liabilities
    For the Six Months Ended
June 30,
2017
Risk-free interest rate   1.89%
Expected life of option grants   5 years
Expected volatility of underlying stock   46.58%
Dividends assumption   $--
Schedule of fair value reconciliation of Level 3 liabilities measured at fair value

    Warrant Liability     Embedded Conversion
Feature
    Total Derivative Liabilities  
                   
Balance at January 1, 2017   $ 209     $ 1     $ 210  
Reclassification of warrants to derivative liabilities     3,773       --       3,773  
Change in fair value of derivative     (207 )     (1 )     (208 )
Balance at June 30, 2017   $ 3,775     $ --     $ 3,775