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FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2020

FAIR VALUE [Abstract]

Schedule of Changes in Fair Value of Liability

Dollars in Thousands
		Three Months Ended September 30, 2020
		2016 Warrant			Bridge Note			Total Warrant
		Liability			Warrant Liabilities			Liabilities
Beginning balance at July 1		$	39		$	735		$	774
Total (gains) losses:
Revaluation recognized in earnings			63			794			857
Balance at September 30		$	102		$	1,529		$	1,631
		Three Months Ended September 30, 2019
		2016 Warrant			Bridge Note			Total Warrant
		Liability			Warrant Liabilities			Liabilities
Beginning balance at July 1		$	86		$	2,250		$	2,336
Total (gains) losses:
Revaluation recognized in earnings			(7)			(556)			(563)
Balance at September 30		$	79		$	1,694		$	1,773

Dollars in Thousands
		Nine Months Ended September 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			32			261			293
Balance at September 30		$	102		$	1,529		$	1,631
		Nine Months Ended September 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			(37)			56			19
Modification recognized in earnings			–			1,128			1,128
Deductions – warrant liability settlement			–			(2,364)			(2,364)
Balance at September 30		$	79		$	1,694		$	1,773

Schedule of Change in the Fair Value of the Derivative Liabilities

During the nine months ended September 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)		Nine Months Ended September 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 September 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

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-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

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- Definition

Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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