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Convertible Notes Payable (Tables) | 9 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
Summary of Common Stock Shares Issued under Notes | The Company has issued shares of Common Stock as payments of principal (including certain early repayments at the option of the holders) under the Notes as follows:
|  | Number of Shares of Common Stock |  |  | Number of Shares of Preferred Stock |  |  | Applicable Conversion Price |  |  | Reduction in Principal |
January 12, 2017 |  |  | 11,753 |  |  |  | — |  |  | $ | 126.00 |  |  | $ | 1,478,318 |
January 26 - February 1, 20171 |  |  | 4,857 |  |  |  | — |  |  | $ | 112.00 |  |  |  | 544,000 |
February 10, 2017 |  |  | 43,882 |  |  |  | — |  |  | $ | 70.00 |  |  |  | 3,045,817 |
February 23 - March 2, 20171 |  |  | 2,571 |  |  |  | — |  |  | $ | 49.00 |  |  |  | 126,000 |
March 13, 2017 |  |  | 117,297 |  |  |  | — |  |  | $ | 38.50 |  |  |  | 4,417,830 |
April 10, 2017 |  |  | 169,061 |  |  |  | — |  |  | $ | 21.00 |  |  |  | 3,621,286 |
May 9, 2017 |  |  | 109,367 |  |  |  | — |  |  | $ | 17.50 |  |  |  | 1,913,915 |
June 7 / July 2, 2017 Exchange Agreement2 |  |  | 689,796 |  |  |  | 4,200 |  |  | $ | 6.09 |  |  |  | 4,200,000 |
July 7, 2017 |  |  | 114,286 |  |  |  | — |  |  | $ | 17.50 |  |  |  | 2,000,000 |
August 4, 2017 |  |  | 38,906 |  |  |  | — |  |  | $ | 24.50 |  |  |  | 1,015,848 |
August 28, 2017 Restructuring Agreement3 |  |  | 117,171 |  |  |  | — |  |  | $ | 10.50 |  |  |  | 1,200,000 |
Total |  |  | 1,418,948 |  |  |  |  |  |  |  |  |  |  | $ | 23,563,014 |
1 During the periods referenced above, the Company and the holders of the Notes agreed to a temporary reduction in the conversion price in order to encourage voluntary conversion of Notes by the holders thereof. 2 On July 2, 2017, the Company entered into an exchange agreement with one of its investors which had purchased Notes, for $4.2 million aggregate principal amount of such Notes for 4,200 shares of Series A Preferred Stock. The Series A Preferred Stock shares were issued to address a short-term valuation issue for 689,796 common shares delivered to the Notes holders to close an installment period. Through the Series A Preferred Shares placement, the Company was able to value the open installment shares such that the amount of debt remaining under the Notes was reduced by $4.2 million. Additionally, the Company recognized a loss on debt settlement of $1.0 million related to this transcation. 3 On August 28, 2017, the Company entered into a restructuring agreement with one of its investors which had purchased Notes. The restructuring agreement included a provision to exchange 117,171 shares for $1.2 million aggregate principal amount of such Notes. Additionally, the Company recognized a loss on debt settlement of $2.0 million related to this transaction. The restructuring agreement is discussed in more detail above.
Summary of Convertible Notes Outstanding | The following table summarizes the convertible notes outstanding at September 30, 2017:
(in thousands) |  |  |  |
Convertible notes payable, principal |  | $ | 11,437 |
Debt discounts |  |  | (1,701 | )
Net convertible note payable |  | $ | 9,736 |

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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of information on an original debt issue that has been converted in a noncash (or part noncash) transaction during the accounting period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. The information may be presented entirely or partially in this block of text or in the associated elements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4313-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4332-108586 + Details
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