Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize the Company's assets and liabilities measured at fair value on a recurring basis at June 30, 2016 and December 31, 2015:

June 30, 2016	Fair Value		(Level 1)		(Level 2)		(Level 3)
Common stock warrants	$	3,527	$	-	$	-	$	3,527
Total	$	3,527	$	-	$	-	$	3,527

December 31, 2015	Fair Value		(Level 1)		(Level 2)		(Level 3)
Common stock warrants	$	4,145	$	-	$	-	$	4,145
Total	$	4,145	$	-	$	-	$	4,145

Schedule Of Changes In Fair Value Derivative Liability

The Company estimated the fair value of the derivative liability using the Black-Scholes option pricing model. The fair value of the derivative liability as of June 30, 2016 was estimated using the following assumptions:

Expected volatility	65	%
Risk free rate	0.66	%
Dividend yield	0	%
Expected term (in years)	2.5753

Schedule of Changes in Fair Value of Company's Level 3 Liabilities

The following sets forth a summary of changes in fair value of the Company’s Level 3 liabilities measured on a recurring basis for the six months ended June 30, 2015 and June 30, 2016:

	Common Stock Warrants
Balance at December 31, 2014	$	30,278
Fair value at issuance		41,305
Change in fair value		(12,321)
Balance at June 30, 2015	$	59,262

Balance at December 31, 2015	$	4,145
Change in fair value		(618)
Balance at June 30, 2016	$	3,527