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)
 6 Months Ended
Jun. 30, 2012
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, 2012 and December 31, 2011 are summarized below:
 
(in thousands)
                              
Description
  
As of
June 30, 2012
    
Level 1
    
Level 2
    
Level 3
    
Total Gains
(Losses)
  
Liabilities:
                              
  Derivative liability-
                              
    warrants
   $ 335     $ -     $ 355     $ -     $ 1,172  
    preferred stock
   $ 16,300     $ -     $ -     $ 16,300     $ (11,870 )
 
(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