Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.1.9
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2014
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, 2014 and December 31, 2013 are summarized below:

(in thousands)
                    
 
 
Description
  
As of
December 31, 2014
    
 
 
Level 1
    
 
 
Level 2
    
 
 
Level 3
    
 
Total Gains
(Losses)
  
Liabilities:
                    
Derivative liability- preferred stock
  
$
-
    
$
-
    
$
-
    
$
-
    
$
23,110,000
  
 
(in thousands)
                                        

 
 
Description
  
As of
December 31, 2013
    
 
 
Level 1
    
 
 
Level 2
    
 
 
Level 3
    
 
Total Gains
(Losses)
  
Liabilities:
Derivative liability-
                    
warrants
  
$
-
    
$
-
    
$
-
    
$
-
    
$
271
  
preferred stock
  
$
1,190
    
$
-
    
$
-
    
$
1,190
    
$
8,010