Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v2.4.0.8
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2014
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 June 30, 2014 and December 31, 2013 are summarized below:


(in thousands)
                              
 
Description
  
As of
June 30, 2014
    
Level 1
    
Level 2
    
Level 3
    
Total Gains (Losses)
  
Liabilities:
  Derivative liability- preferred stock
   $ 12,300     $ -     $ -     $ 12,300     $ (11,110 )
                                         

(in thousands)
                              
 
Description
  
As of
December 31, 2013
    
 
Level 1
    
 
Level 2
    
 
Level 3
    
 
Total Gains
  
Liabilities:
  Derivative liability- preferred stock
   $ 1,190     $ -     $ -     $ 1,190     $ 8,010