XML 59 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.8

FAIR VALUE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2013
FAIR VALUE |
Schedule of financial assets and liabilities measured on a recurring basis | The fair value of the Company’s financial assets and liabilities that are measured on a recurring basis were determined using the following inputs as of December 31, 2012 (in $000s):
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
ASSETS |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 5,523 |  | $ | 6,799 |  | $ | — |  | $ | 12,322 |
Total assets |  | $ | 5,523 |  | $ | 6,799 |  | $ | — |  | $ | 12,322 |
LIABILITIES |  |  |  |  |  |  |  |  |
Financial instrument associated with stock purchase agreement |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Economic rights |  | — |  | — |  | 1,120 |  | 1,120 |
Other liabilities measured at fair value: |  |  |  |  |  |  |  |  |
Warrants liability |  | — |  | — |  | — |  | — |
Scottish Enterprise agreement |  | — |  | — |  | 20 |  | 20 |
Other liabilities measured at fair value |  | — |  | — |  | 20 |  | 20 |
Total liabilities |  | $ | — |  | $ | — |  | $ | 1,140 |  | $ | 1,140 |
The fair value of the Company’s financial assets and liabilities that are measured on a recurring basis were determined using the following inputs as of September 30, 2013 (in $000s):
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
ASSETS |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 30,289 |  | $ | — |  | $ | — |  | $ | 30,289 |
Total assets |  | $ | 30,289 |  | $ | — |  | $ | — |  | $ | 30,289 |
LIABILITIES |  |  |  |  |  |  |  |  |
Financial instrument associated with stock purchase agreement |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Other liabilities measured at fair value: |  |  |  |  |  |  |  |  |
Warrants liability |  | — |  | — |  | — |  | — |
Scottish Enterprise agreement |  | — |  | — |  | 20 |  | 20 |
Other liabilities measured at fair value |  | — |  | — |  | 20 |  | 20 |
Total liabilities |  | $ | — |  | $ | — |  | $ | 20 |  | $ | 20 |
Schedule of reconciliation of the beginning and ending balance of Level 3 inputs | The following table reconciles the beginning and ending balances of Level 3 inputs for the nine months ended September 30, 2013 (in $000s):
|  | Level 3 |
Balance as of December 31, 2012 |  | $ | 1,140 |
Change in valuation of Economic Rights |  | (570 | )
Movement of valuation of Economic Rights from Level 3 to Level 2 |  | (550 | )
Balance as of September 30, 2013 |  | $ | 20 |

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration