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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assumptions

The Company worked with a third-party valuation expert estimating the value of the warrants at December 31, 2018 and 2017 using a Lattice model, with the following assumptions:

		2018				2017
Number of warrants outstanding			1,000,000				1,000,000
Expiration date			June 21, 2022				June 21, 2022
Exercise price		$	1.13			$	2.05
Stock price		$	0.67			$	1.50
Dividend yield			0	%			0	%
Average volatility rate			90	%			90	%
Risk free interest rate			2.47	%			2.15	%

Schedule of Recurring Measurements of Fair Value of Assets and Liabilities

Recurring measurements of the fair value of assets and liabilities as of December 31, 2018 and 2017 are as follows:

		December 31, 2018																December 31, 2017
		Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
(in thousands)
Assets:
Marketable Equity Securities			533				3				-				536				868				8				-				876
Total		$	533			$	3			$	-			$	536			$	868			$	8			$	-			$	876
Liabilities:
Warrants			-				-				425				425				-				-				1,200				1,200
Derivatives			-				-				-				-				-				161				-				161
Total		$	-			$	-			$	425			$	425			$	-			$	161			$	1,200			$	1,361

Schedule of Reconciliation of Changes in Liabilities Measured at Fair Value on a Recurring Basis

The following table presents a reconciliation of our Level 3 warrants measured at fair value

		Year Ended December 31,
		2018				2017
		(in thousands)
Fair value of Level 3 instruments liabilities beginning of period		$	1,200			$	1,030
Net unrealized (gain) loss on warrant valuation			(775	)			170
			-
Fair value of Level 3 instruments liabilities end of period		$	425			$	1,200

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

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-Publisher FASB
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-Topic 820
-SubTopic 10
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
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