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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value of Warrants Outstanding

The fair value of the 2010 Warrants at September 30, 2015 and December 31, 2014, consisted of the following (in thousands):

 

     September 30,
2015
     December 31,
2014
 

2010 Warrants

   $ 2,424       $ 10,485   
Fair Value Assumptions of Warrants

The fair value of the Company’s 2010 Warrants was based on an option valuation model using the following assumptions at September 30, 2015 and December 31, 2014:

 

     September 30,
2015
    December 31,
2014
 

2010 Warrants:

    

Expected term (in years)

     0.11        0.86   

Estimated volatility

     61     55

Risk-free interest rate

     0.02     0.25

Expected dividend yield

     0     0