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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 30, 2020
FAIR VALUE [Abstract] |
Schedule of Changes in Fair Value of Liability |
Dollars in Thousands |  |
|  | Three Months Ended June 30, 2020
|  | 2016 Warrant |  | Bridge Note |  | Total Warrant
|  | Liability |  | Warrant Liabilities |  | Liabilities
Beginning balance at April 1 |  | $ | 58 |  | $ | 344 |  | $ | 402
Total (gains) losses: |  |  |  |  |  |  |  |  |
Revaluation recognized in earnings |  |  | (19) |  |  | 391 |  |  | 372
Balance at June 30 |  | $ | 39 |  | $ | 735 |  | $ | 774
|  | Three Months Ended June 30, 2019
|  | 2016 Warrant |  | Bridge Note |  | Total Warrant
|  | Liability |  | Warrant Liabilities |  | Liabilities
Beginning balance at April 1 |  | $ | 93 |  | $ | 799 |  | $ | 892
Additions: |  |  | – |  |  | 1,858 |  |  | 1,858
Total (gains) losses: |  |  |  |  |  |  |  |  |
Revaluation recognized in earnings |  |  | (7) |  |  | 829 |  |  | 822
Modification recognized in earnings |  |  | – |  |  | 1,128 |  |  | 1,128
Deductions – warrant exercises |  |  | – |  |  | (2,364) |  |  | (2,364)
Balance at June 30 |  | $ | 86 |  | $ | 2,250 |  | $ | 2,336
Dollars in Thousands |  |
|  | Six Months Ended June 30, 2020
|  | 2016 Warrant |  | Bridge Note |  | Total Warrant
|  | Liability |  | Warrant Liabilities |  | Liabilities
Beginning balance at January 1 |  | $ | 70 |  | $ | 1,268 |  | $ | 1,338
Total gains: |  |  |  |  |  |  |  |  |
Revaluation recognized in earnings |  |  | (31) |  |  | (533) |  |  | (564)
Balance at June 30 |  | $ | 39 |  | $ | 735 |  | $ | 774
|  | Six Months Ended June 30, 2019
|  | 2016 Warrant |  | Bridge Note |  | Total Warrant
|  | Liability |  | Warrant Liabilities |  | Liabilities
Beginning balance at January 1 |  | $ | 116 |  | $ | 1,016 |  | $ | 1,132
Additions: |  |  | – |  |  | 1,858 |  |  | 1,858
Total (gains) losses: |  |  |  |  |  |  |  |  |
Revaluation recognized in earnings |  |  | (30) |  |  | 612 |  |  | 582
Modification recognized in earnings |  |  | – |  |  | 1,128 |  |  | 1,128
Deductions – warrant liability settlement |  |  | – |  |  | (2,364) |  |  | (2,364)
Balance at June 30 |  | $ | 86 |  | $ | 2,250 |  | $ | 2,336
Schedule of Change in the Fair Value of the Derivative Liabilities | During the three and six months ended June 30, 2019, the change in the fair value of the derivative liabilities measured using significant unobservable inputs (Level 3) was comprised of the following:
(Dollars in thousands) |  |  |  |  |  |  |  |  |
|  | Three Months Ended June 30, 2019
|  | Bridge Notes |  |  |  |  |  |
|  | Redemption |  | Conversion |  | Total Derivative
|  | Feature |  | Option |  | Liabilities
Beginning balance at April 1 |  | $ | — |  | $ | — |  | $ | —
Deductions - write-off in conjunction with convertible note conversions |  |  | (438) |  |  | — |  |  | (438)
Total loss: |  |  |  |  |  |  |  |  |
Revaluation recognized in earnings |  |  | 438 |  |  | — |  |  | 438
Balance at June 30 |  | $ | — |  | $ | — |  | $ | —
|  | Six Months Ended June 30, 2019
|  | Bridge Notes |  |  |  |  |  |
|  | Redemption |  | Conversion |  | Total Derivative
|  | Feature |  | Option |  | Liabilities
Beginning balance at January 1 |  | $ | 30 |  | $ | 32 |  | $ | 62
Deductions - write-off in conjunction with convertible note conversions |  |  | (438) |  |  | (39) |  |  | (477)
Total loss: |  |  |  |  |  |  |  |  |
Revaluation recognized in earnings |  |  | 408 |  |  | 7 |  |  | 415
Balance at June 30 |  | $ | — |  | $ | — |  | $ | —

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
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