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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
The Company’s financial assets and liabilities measured at fair value on a recurring basis, consisted of the following types of instruments as of the following dates:
 
 
 
March 31,
 
December 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
Fair value measurements
 
 
 
using input type
Level 3
 
 
 
 
 
 
 
 
 
Liability related to stock options and warrants
 
$
774
 
$
235
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Fair value measurements using significant unobservable inputs (Level 3):
 
 
 
Fair value of
liability related
to stock options
 
 
 
and warrants
 
 
 
 
 
Balance at January 1, 2014
 
$
787
 
 
 
 
 
 
Changes in values of  liability related to stock option and  warrants
 
 
(552)
 
 
 
 
 
 
Balance at December 31, 2014
 
$
235
 
 
 
 
 
 
Changes in values of  liability related to stock options and warrants
 
 
539
 
 
 
 
 
 
Balance at March 31, 2015 (unaudited)
 
$
774