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Merger (Tables) | 9 Months Ended
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Sep. 30, 2015
Business Combinations [Abstract] |
Summary of Acquisition Date Fair Value of Consideration Transferred | The acquisition-date fair value of the consideration transferred is as follows:
Number of shares of Company Common Stock owned by Ruthigen stockholders (1) |  |  | 2,404,835 |
Multiplied by the price per share of Company Common Stock (2) |  | $ | 12.65 |
Total consideration transferred |  | $ | 30,421 |
(1) | The stock transferred in the table above is calculated as the sum of a) 1,921,716 shares of Company Common Stock outstanding at the time of the Merger, b) 379,387 shares of Company Common Stock issued immediately following the closing of the Merger in a private placement, c) 36,000 shares of Company Common Stock issued to certain employees, pursuant to the terms of the Merger Agreement and d) 67,732 shares of Company Common Stock issued pursuant to restricted stock units that became fully vested upon completion of the Merger.
(2) | The shares outstanding are multiplied by the closing trading price of Company Common Stock as of the Merger date.
Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
|  | June 15, 2015 |
Cash and cash equivalents |  | $ | 9,671 |
In-process research and development |  |  | 7,534 |
Goodwill |  |  | 15,942 |
Property and equipment |  |  | 156 |
Prepaid and other current assets |  |  | 140 |
Total assets acquired |  |  | 33,443 |
Accrued expenses and other current liabilities |  |  | (63 | )
Deferred tax liability |  |  | (2,959 | )
Total liabilities assumed |  |  | (3,022 | )
Total net assets acquired |  | $ | 30,421 |
Summary of Supplemental Unaudited Pro forma Information of Financial Results | The following supplemental unaudited pro forma information presents the Company’s financial results as if the acquisition of Ruthigen had occurred on January 1, 2014:
|  | Nine months ended September 30, |
|  | 2015 |  |  | 2014 |
Total revenues, net |  | $ | 926 |  |  | $ | 38 |
Net loss |  |  | (14,557 | ) |  |  | (29,195 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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