XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Warrants | 12 Months Ended
--- | ---
Dec. 31, 2016
Warrants [Abstract] |
Warrants | Note 12 Warrants: The Company accounts for warrants that have provisions that protect holders from a decline in the issue price of its common stock (or "down-round" provisions) and those that contain cash settlement provisions as liabilities instead of equity. Down-round provisions reduce the exercise or conversion price of a warrant or convertible instrument if a company either issues equity shares for a price that is lower than the exercise or conversion price of those instruments or issues new warrants or convertible instruments that have a lower exercise or conversion price. Net settlement provisions allow the holder of the warrant to surrender shares underlying the warrant equal to the exercise price as payment of its exercise price, instead of physically exercising the warrant by paying cash. The Company evaluated whether warrants to acquire its common stock contain provisions that protect holders from declines in the stock price or otherwise could result in modification of the exercise price and/or shares to be issued under the respective warrant agreements based on a variable that is not an input to the fair value of a "fixed-for-fixed" option. As of June 22, 2016, the down-round provision expired on 12,083,821 warrants and as such $1,541 of value associated with these warrants was reclassified to equity. For those that do contain such provisions, the Company recognizes such warrants as liabilities at the fair value on each reporting date. The Company measured the fair value of these warrants as of December 31, 2015, and recorded other income of $1,814 resulting from the decrease of the liability associated with the fair value of the warrants for the year ended December 31, 2015. The Company computed the value of the warrants using the binomial method. A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company's warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of December 31, 2016, June 22, 2016 and December 31, 2015 is as follows:
|  | December 30, 2016 |  |  | June 22, 2016 |  |  | December 31, 2015 |
Number of shares underlying the warrants |  |  | 2,015,446 |  |  |  | 12,083,821 |  |  |  | 14,099,267 |
Stock price |  | $ | 0.44 |  |  | $ | 0.65 |  |  | $ | 1.11 |
Volatility |  |  | 47.00 | % |  |  | 35.00 - 50.00 | % |  |  | 35.90 – 50.00 | %
Risk-free interest rate |  |  | 1.22 | % |  |  | 0.25% – 1.04 | % |  |  | 0.02% - 1.63 | %
Expected dividend yield |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
Expected warrant life |  | 2.12 – 2.35 years |  |  | 0.09– 4.0 years |  |  | 0.07 – 4.48 years |
Recurring Level 3 Activity and Reconciliation The table below provides a reconciliation of the beginning and ending balances for the liability measured at fair value using significant unobservable inputs (Level 3). The table reflects gains and losses for the years ended December 31, 2016 and 2015, for all financial liabilities categorized as Level 3 as of December 31, 2016 and 2015, respectively. Fair Value Measurements Using Significant Unobservable Inputs (Level 3):
Issuance Date |  | December 31, 2015 |  |  | Decrease in Fair Value |  |  | Reclassification to Equity |  |  | December 31, 2016 |
10/31/2013 |  | $ | 379 |  |  | $ | (340 | ) |  | $ | - |  |  | $ | 39 |
2/5/2014 |  |  | 715 |  |  |  | (649 | ) |  |  | - |  |  |  | 66 |
7/24/2014 Series A |  |  | 2,415 |  |  |  | (1,573 | ) |  |  | (842 | ) |  |  | - |
7/24/2014 Series B |  |  | 1,726 |  |  |  | (1,713 | ) |  |  | (13 | ) |  |  | - |
6/22/2015 |  |  | 1,807 |  |  |  | (1,121 | ) |  |  | (686 | ) |  |  | - |
Total |  | $ | 7,042 |  |  | $ | (5,396 | ) |  | $ | (1,541 | ) |  | $ | 105 |
Issuance Date |  | January 1, 2015 |  |  | Initial Measurements |  |  | Reclassed from Equity |  |  | Increase (Decrease) in Fair Value |  |  | December 31, 2015 |
10/31/2013 |  | $ | 233 |  |  | $ | - |  |  | $ | - |  |  | $ | 146 |  |  | $ | 379 |
2/5/2014 |  |  | 266 |  |  |  | - |  |  |  | - |  |  |  | 449 |  |  |  | 715 |
7/24/2014 Series A |  |  | - |  |  |  | - |  |  |  | 3,452 |  |  |  | (1,037 | ) |  |  | 2,415 |
7/24/2014 Series B |  |  | - |  |  |  | - |  |  |  | 1,947 |  |  |  | (221 | ) |  |  | 1,726 |
6/22/2015 |  |  | - |  |  |  | 2,958 |  |  |  | - |  |  |  | (1,151 | ) |  |  | 1,807 |
Total |  | $ | 499 |  |  | $ | 2,958 |  |  | $ | 5,399 |  |  | $ | (1,814 | ) |  | $ | 7,042 |
Number of Warrants Subject to Remeasurement:
Issuance Date | December 31, 2015 |  | Reductions |  | December 31, 2016
10/31/2013 | 685,715 |  | - |  | 685,715
2/5/2014 | 1,329,731 |  | - |  | 1,329,731
7/24/2014 Series A | 4,288,500 |  | (4,288,500) |  | -
7/24/2014 Series B | 4,795,321 |  | (4,795,321) |  | -
6/22/2015 | 3,000,000 |  | (3,000,000) |  | -
Total | 14,099,267 |  | (12,083,821) |  | 2,015,446

X
- References No definition available. + Details
Name: | sskn_WarrantsAbstract
Namespace Prefix: | sskn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for warrants. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References No definition available. + Details
Name: | sskn_WarrantsDisclosureTextBlock
Namespace Prefix: | sskn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration