SERIES D PREFERRED SHARES (Tables)

9 Months Ended

Sep. 30, 2016

Text Block [Abstract]

Sales Activity of Series D Preferred Shares

The following table summarizes the sales activity of the Series D Preferred Shares from the effective date of the agreement through September 30, 2016:

Aggregate purchase price			$	100,000
Initial value of warrants and investor SARs issued to-date	(21,805	)
Costs incurred	(6,834	)
Total discount				(28,639	)
Discount amortization to-date				19,367
Carrying amount of Series D Preferred Shares			$	90,728