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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Significant Accounting Policies  
Schedule of vendors which accounted for 10% or more of the Company's raw material purchases

 

                                                                                                                                                                                    

 

 

 

 

Years Ended
December 31,

 

Vendor

 

Supplies

 

2015

 

2014

 

A

 

Substrates

 

 

38 

%

 

27 

%

B

 

Substrates

 

 

20 

%

 

*

 

C

 

Substrates

 

 

*

 

 

14 

%

D

 

Catalysts

 

 

*

 

 

10 

%


 

 

 

*          

less than 10%

 

Schedule of warrant liability measured at fair value on a recurring basis

The valuation inputs hierarchy classification for the warrant liability measured at fair value on a recurring basis is summarized as follows (in thousands):

                                                                                                                                                                                    

Warrant Liability

 

Level 1

 

Level 2

 

Level 3

 

December 31, 2015

 

 

 

 

 

$

3,072 

 

December 31, 2014

 

 

 

 

 

$

1,474 

 

 

Schedule of reconciliation of warrant liability

 

        The following is a reconciliation of the warrant liability measured at fair value using Level 3 inputs (in thousands):

                                                                                                                                                                                    

 

 

Years Ended
December 31,

 

 

 

2015

 

2014

 

Balance at beginning of period

 

$

1,474

 

$

939

 

Issuance of common stock warrants

 

 

4,215

 

 

2,978

 

Exercise of common stock warrants

 

 

 

 

(2,949

)

Remeasurement of common stock warrants

 

 

(2,617

)

 

506

 

​  

​  

​  

​  

Balance at end of period

 

$

3,072

 

$

1,474

 

​  

​  

​  

​  

​  

​  

​  

​