Quarterly report pursuant to Section 13 or 15(d)

Nature of Business and Summary of Significant Accounting Policies (Tables)

v3.19.3.a.u2
Nature of Business and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Nature of Business and Summary of Significant Accounting Policies [Abstract]  
Depreciable Lives
Property and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets. Depreciable lives are as follows:

Furniture and Fixtures
5 to 7 years
Equipment
7 years
Financial Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial liabilities that were accounted for at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2019 and December 31, 2018:

   
September 30, 2019
 
Dollars in thousands
 
Level 1
   
Level 2
   
Level 3
   
Total
 
                         
Liabilities
                       
Warrant derivative liability
 
$
-
   
$
-
   
$
1,244
   
$
1,244