6. Other Liabilities


	DECEMBER 31, 2016		DECEMBER 31, 2015
Warrant liability (a)	$	—	$	124
Capital lease obligation (b)		47		7
Deferred rent liability		150		—

	$	197	$	131

(a) Warrant liability

Warrants issued with bank loan:

On October 23, 2013, AQXP Canada entered into a term loan facility with Silicon Valley Bank (“SVB”) for up to $4,000, of which $2,500 was received in October 2013. The loan was repaid in March 2014. Under the terms of the loan, SVB was issued a warrant to purchase 11,363 shares of common stock at $10.56 per share. In September 2016, SVB exercised the warrant on a cashless basis and 3,001 common shares were issued as net settlement in accordance with the terms of the warrant agreement. Prior to the exercise, change in fair value of the warrant was periodically assessed and recorded in the consolidated statements of operations and comprehensive loss (Note 11).

(b) Capital lease obligation

The Company leases office equipment under capital leases with interest rates ranging from 6.94% to 8.56% per annum. At December 31, 2016, the future payments under the Company’s capital leases were as follows:


	AMOUNT
2017	$	19
2018		19
2019		19
2020		14

Total minimum lease payments		71
Less: amount representing interest		(9	)

Present value of future minimum lease payments		62
Less: current portion		(15	)

Capital lease obligations, net of current portion—December 31, 2016	$	47

The net book value of the office equipment under capital leases as of December 31, 2016 and 2015 was $62 and $11, respectively, with an immaterial amount related to accumulated depreciation.