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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Summary of Property, Plant and Equipment

The following tables summarizes the Company property, plant and equipment as of March 31, 2018 and December 31, 2017 (amounts in thousands).

		As of March 31, 2018				As of December 31, 2017
Leasehold improvement		$	173			$	173
Software and hardware			44				17
			217				190
Less accumulated depreciation			(27	)			(17	)
Total		$	190			$	173

Summary of Derivative Financial Instruments for Non-employee Stock Options

The following table summarizes the Company’s derivative financial instruments within the fair value hierarchy as of March 31, 2018 and December 31, 2017 (amounts in thousands):

		Fair Value				Level 1				Level 2				Level 3
March 31, 2018
Liabilities:
Non-employee options		$	1,329				—				—			$	1,329
Warrants			2,478				—				—				2,478
December 31, 2017
Liabilities:
Non-employee options		$	2,637				—				—			$	2,637
Warrants			6,941				—				—				6,941

Summary of Basic and Diluted Loss per Share

The basic and diluted loss per share for the periods noted below is as follows (amounts in thousands except shares and per share data):

		Three Months Ended
		March 31,
		2018				2017
Basic
Numerator:
Net loss		$	(1,165	)		$	(5,678	)
Denominator:
Weighted average common shares outstanding - basic			20,334,929				17,573,966
Basic net loss per share		$	(0.06	)		$	(0.32	)
Diluted
Numerator:
Net loss, basic		$	(1,165	)		$	(5,678	)
Effect of dilutive securities: Change in fair value of derivative financial instruments			(434	)			—
Net loss, diluted		$	(1,599	)		$	(5,678	)
Denominator:
Weighted average common shares outstanding - basic			20,334,929				17,573,966
Potential common share issuances:
Incremental dilutive shares from stock options and warrants (treasury stock method)			125,727				—
Weighted average common shares outstanding - diluted			20,460,656				17,573,966
Diluted net loss per share		$	(0.08	)		$	(0.32	)

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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