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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Measurements.  
Assumptions used to calculate common stock warrants

 

 

 

 

 

 

 

Six months ended

 

 

June 30, 2018

 

June 30, 2017

Risk-free interest rate

 

1.64% - 2.43%

 

1.01% - 2.01%

Volatility

 

18.40% - 81.69%

 

62.0% - 108.77%

Expected average term

 

0.01 - 1.53

 

0.64 - 5.23

 

Schedule of activity in the common stock warrant liability

The following table shows the activity in the common stock warrant liability (in thousands):

 

 

 

 

 

 

 

 

 

Six months ended

 

Common stock warrant liability

June 30, 2018

    

June 30, 2017

 

Beginning of period

$

4,391

 

$

11,387

 

Change in fair value of common stock warrants

 

(1,592)

 

 

14,576

 

Issuance of common stock warrants

 

 —

 

 

4,905

 

Exercise of common stock warrants

 

 —

 

 

(27,089)

 

End of period

$

2,799

 

$

3,779

 

 

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

 

 

 

 

 

 

 

Six months ended

 

 

June 30, 2018

 

June 30, 2017

Risk-free interest rate

 

2.72% - 2.80%

 

2.36%

Volatility

 

85.00%

 

85.00%

Expected average term

 

8.76-9.30

 

9.76-10.00

 

Schedule of fair value of warrants

 

 

 

 

 

 

 

 

Amazon Warrant Shares

 

 

Walmart Warrant Shares

Issuance date - first tranche

$

1.15

 

$

1.88

As of vesting date - second tranche, first installment

 

2.16

 

 

 —

As of period end - second tranche

 

1.71

 

 

1.56