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FAIR VALUE ACCOUNTING
 3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Fair Value Accounting
FAIR VALUE ACCOUNTING
Assets and liabilities measured at fair value on a recurring basis
The following tables set forth the fair value of the Company's assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy as at March 31, 2017. As required by accounting guidance, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
As of March 31, 2017, the fair values of cash and cash equivalents, restricted cash, short-term deposits, receivables, accounts payable and accrued liabilities approximate their carrying values because of the short-term nature of these instruments.
 
Level 1
 
Level 2
 
Level 3
 
Total
Investments
$
2,279

 
$
—

 
$
—

 
$
2,279

Warrant liabilities
(4,663
)
 
(1,459
)
 
—

 
(6,122
)
Convertible debentures
(16,514
)
 
—

 
—

 
(16,514
)
 
$
(18,898
)
 
$
(1,459
)
 
$
—

 
$
(20,357
)

The Company's investments are marketable equity securities which are exchange traded, and are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The fair value of the investments is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the Company. Investments are located within prepaid expenses and other current assets and notes receivable and other non-current assets as part of the consolidated balance sheet.  Convertible debentures are within current and non-current loans and borrowings as part of the consolidated balance sheet.