Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
FAIR VALUE MEASUREMENTS [Abstract]  
Financial assets and liabilities measured at fair value on recurring basis

Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and December 31, 2014 are summarized below:

 

(in thousands)

 

Description   As of
December 31,
2015		     Level 1     Level 2     Level 3     Total Gains
(Losses)		  
Liabilities:                                        
Contingent consideration   $ 2,591     $ -     $ -     $ 2,591     $ 3,898  

 

(in thousands)

 

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