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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)