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15. FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Financial assets and liabilities accounted for at fair value on a recurring basis

The following table sets forth, by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2013:

 

Description  

Quoted Prices in

Active Markets for Identical Assets

(Level 1)

   

Significant Other Observable Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

   

Total Carrying

Value as of

June 30,

2013

 
                         
Derivative liabilities – warrant instruments   $ -     $ -     $ -     $ -