Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.6
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2012
FAIR VALUE MEASUREMENTS [Abstract]  
Financial assets and liabilities measured at fair value on a recurring basis
Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 and December 31, 2011 are summarized below:
 
(in thousands)
                             
 
 
Description
 
As of
December 31,
2012
   
 
Level 1
   
 
Level 2
   
 
Level 3
   
Total Gains
(Losses)
 
Liabilities:
Derivative liability-
                             
warrants
  $ 271     $ -     $ 271     $ -     $ 1,236  
preferred stock
  $ 9,200     $ -     $ -     $ 9,200     $ (4,770 )
 
(in thousands)
                                       
 
 
Description
 
As of
December 31, 2011
   
 
Level 1
   
 
Level 2
   
 
Level 3
   
Total Gains
(Losses)
 
Liabilities:
Derivative liability-
                                       
warrants
  $ 1,507     $ -     $ 1,507     $ -     $ 3,580  
preferred stock
  $ 4,430     $ -     $ -     $ 4,430     $ 1,410