Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v2.4.0.6
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value of Financial Instruments [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 March 31, 2013 and December 31, 2012 are summarized below:

(in thousands)
                             
 
Description
 
As of
March 31, 2013
   
Level 1
   
Level 2
   
Level 3
   
Total Gains
(Losses)
 
Liabilities:
                             
Derivative liability-                                        
    warrants
  $ 518     $ -     $ 518     $ -     $ (247 )
    preferred stock
  $ 4,420     $ -     $ -     $ 4,420     $ 4,780  

(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 )