Quarterly report pursuant to Section 13 or 15(d)

ACCRUED EXPENSES & WARRANT LIABILITY

v3.10.0.1
ACCRUED EXPENSES & WARRANT LIABILITY
9 Months Ended
Sep. 30, 2018
Payables and Accruals [Abstract]  
ACCRUED EXPENSES & WARRANT LIABILITY
ACCRUED EXPENSES & WARRANT LIABILTY

Accrued Expenses

The components of accrued expenses are as presented below:
 
September 30,
2018
 
December 31,
2017
 
(in thousands)
Legal - Litigation / Licensing
$
760

 
$

Compensation
218

 
1,233

Other
5

 
70

 
$
983

 
$
1,303



Warrant Liability

A summary of the Company's Level 3 derivative liabilities for the nine months ended September 30, 2018 is as follows (in thousands):
Balance, December 31, 2017
$
1,096

Fair value change of derivative liabilities
3,445

Reclassification to additional paid-in capital
(4,541
)
Balance, September 30, 2018
$



The change in fair value of the warrant liability resulted in a loss of $1.0 million and $3.4 million for the three and nine months ended September 30, 2018, respectively, and a gain of $1.5 million for the three and nine months ended September 30, 2017.