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)
9 Months Ended
Sep. 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 September 30, 2014 and December 31, 2013 are summarized below:


(in thousands)
         
 
Description
As of
September 30, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total Gains (Losses)
 
Liabilities:
  Derivative liability-
         
    preferred stock
 
$
13,000
   
$
-
   
$
-
   
$
13,000
   
$
(11,810
)
                                         

(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