General form of registration statement for all companies including face-amount certificate companies

Fair Value Measurements and Disclosures (Tables)

v3.6.0.2
Fair Value Measurements and Disclosures (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Fair Value Measurements and Disclosures [Abstract]    
Summary of fair-value measurement liabilities table present information

 

    Fair Value     Level 1     Level 2     Level 3  
Cash and cash equivalents, including restricted cash   $ 670,000     $ 670,000     $     $  
Embedded note conversion features   $ 1,023,000     $     $     $ 1,023,000  

    Fair Value     Level 1     Level 2     Level 3  
Cash and cash equivalents, including restricted cash   $ 2,805,000     $ 2,805,000     $     $  
Derivative liabilities—warrants   $ 1,297,000     $     $     $ 1,297,000  
Embedded note conversion feature   $ 1,213,000     $     $     $ 1,213,000  
Schedule of financial instruments

   

Warrants

Liability

   

Embedded Note

Conversion

Feature

    Total  
Value as of December 31, 2015   $ 1,297,000     $ 1,213,000     $ 2,510,000  
Adjustment to fair value     (1,223,000 )     (1,901,000 )     (3,124,000 )
Additional Warrants issued for debt amendment     1,645,000             1,645,000  
Modification of Conversion Feature—debt amendment           1,429,000       1,429,000  
Warrant amendment—August 24, 2016     (1,719,000 )           (1,719,000 )
Issuance of Convertible Unsecured Notes—September 1, 2016           282,000       282,000  
Ending balance—September 30, 2016   $     $ 1,023,000     $ 1,023,000