Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Liabilities that Require Fair Value Measurement on a Recurring Basis and Input Levels

The following table summarizes the Company’s liabilities that require fair value measurements on a recurring basis and their respective input levels based on the fair value hierarchy contained in accounting guidance for fair value measurements and disclosures (in thousands):



	Fair Value		Quoted Market Prices for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
As of June 30, 2014
Derivative liability related to 2012 Convertible Notes	$	95	$	—	$	—	$	95
As of December 31, 2013
Derivative liability related to 2012 Convertible Notes	$	517	$	—	$	—	$	517

Summary of Continuing Operations Activity of Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes the continuing operations activity of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3 inputs) (in thousands):



Balance as of December 31, 2013	$	517
Change in fair value measurement of derivative liability in connection with 2012 Convertible Notes, included in other expense	(422		)
Balance as of June 30, 2014	$	95

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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