FAIR VALUE MEASUREMENT (Tables)

6 Months Ended

Jun. 30, 2019

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 June 30, 2019. 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)	0.47
Expected term	2.38
Risk free rate	1.73	%
Volatility	70.95	%
Yield	11.72	%