FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2020

Notes 2021 [Member]

Schedule of liability component based on income approach

The Company prepared a valuation of the fair value of the Company’s outstanding 2021 Notes (a Level 3 valuation) as of March 31, 2020. The value of these notes was estimated by implementing the binomial model. The liability component was valued based on the Income Approach. The following parameters were used:

	2021 Notes
Stock price (USD)	2.35
Expected term	1.63
Risk free rate	0.23	%
Volatility	100.57	%
Yield	15.41	%