Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Financial Instruments Measured at Fair Value on Recurring Basis

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands).

	Fair Value Measurements at March 31, 2019
	Total		Level 1		Level 2		Level 3
Liabilities
Series A warrant liability	$	73	$	73	$	—	$	—
Series C warrant liability		—		—		—		—
2017 PIPE warrant liability		6,274		—		—		6,274
2018 PIPE warrant liability		784		—		—		784
Essentialis purchase price contingency liability		5,855		—		—		5,855
Total common stock warrant and contingent    consideration liability	$	12,986	$	73	$	—	$	12,913

	Fair Value Measurements at December 31, 2018
	Total		Level 1		Level 2		Level 3
Liabilities
Series A warrant liability	$	49	$	49	$	—	$	—
Series C warrant liability		—		—		—		—
2017 PIPE warrant liability		4,563		—		—		4,563
2018 PIPE warrant liability		600		—		—		600
Essentialis purchase price contingency liability		5,649		—		—		5,649
Total common stock warrant and contingent    consideration liability	$	10,861	$	49	$	—	$	10,812

Summary of Changes in Fair Value of Level1 and Level 3 Financial Instruments

The following table sets forth a summary of the changes in the fair value of the Company’s Level 1 and Level 3 warrants, which are treated as liabilities (dollars in thousands).

	Series A Warrant				Series C Warrant				2017 PIPE Warrants				2018 PIPE Warrants				Purchase Price
	Number of Warrants		Liability		Number of Warrants		Liability		Number of Warrants		Liability		Number of Warrants		Liability		Contingent Liability
Balance at December 31, 2018		485,121	$	49		118,083	$	—		6,024,425	$	4,563		513,617	$	600	$	5,649
Change in value of Series A Warrants		—		24		—		—		—		—		—		—		—
Change in value of 2017 PIPE Warrants		—		—		—		—		—		1,711		—		—		—
Change in value of 2018 PIPE Warrants		—		—		—		—		—		—		—		184		—
Change in value of contingent liability		—		—		—		—		—		—		—		—		206
Balance at March 31, 2019		485,121	$	73		118,083	$	—		6,024,425	$	6,274		513,617	$	784	$	5,855