Quarterly report pursuant to Section 13 or 15(d)

Molteni Purchase Agreement (Tables)

v3.10.0.1
Molteni Purchase Agreement (Tables)
 9 Months Ended
Sep. 30, 2018
Purchase Agreement [Line Items]  
Contract with Customer, Asset and Liability [Table Text Block]
The following table presents changes in contract assets and liabilities during the nine months ended September 30, 2018: 
 
(in thousands)
 
Beginning Balance
 
 
Additions
 
 
Deductions
 
 
Ending

‎
Balance
 
Nine months ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract assets
 
$
—
 
 
$
291
 
 
$
(96
)
 
$
195
 
Contract liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred revenue
 
$
—
 
 
$
2,448
 
 
$
(1,822
)
 
$
626
 
Convertible Debt [Member]  
Purchase Agreement [Line Items]  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The key assumptions used to value the Convertible Loan embedded derivative were as follows:
 
Assumption
Date of issuance
 
 
September 18, 2018
 
Expected price volatility
 
 
87
%
Expected term (in years)
 
 
0.75
 
Risk-free interest rate
 
 
2.32
%
Dividend yield
 
 
0.00
%
Fair value of conversion provision
 
$
158,530
 
 
Assumption
Valuation date
 
 
September 30, 2018
 
Expected price volatility
 
 
120
%
Expected term (in years)
 
 
0.75
 
Risk-free interest rate
 
 
2.32
%
Dividend yield
 
 
0.00
%
Fair value of conversion provision
 
$
17,245