As a result of the fair value adjustment of the warrant liabilities, we recorded a non-cash gains on decreases in the fair value of $0.2 million and $0.6 million for the three and six-month periods ended June 30, 2017, respectively, and non-cash losses on increases in the fair value of $0.1 million for the three and six-month periods ended June 30, 2016 in our Condensed Statements of Operations and Comprehensive Income (Loss). See Note 6, “Warrant Liability” for further discussion on the calculation of the fair value of the warrant liability.

		Warrant
(in thousands)		liability
Total warrant liability at December 31, 2016		$	619
Adjustment to record warrants at fair value			(612)
Total warrant liability at June 30, 2017		$	7