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STOCKHOLDERS' DEFICIT (Tables)
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Carrying value and activity of Preferred Shares
The following table sets forth the activity recorded during the six months ended June 30, 2016 related to the Series C Preferred Stock (in thousands).
Series C Preferred Stock carrying value at 12/31/2015
$

Exchange of shares - Series A to Series C
60,776

Accretion of discount related to issuance costs
333

Dividends recorded through June 30, 2016 1
3,916

Series C Preferred Stock carrying value June 30, 2016
$
65,025

The following table sets forth the activity recorded during the six months ended June 30, 2016 related to the Series A Preferred Stock (in thousands) issued for both the PIPE Transactions and the Rights Offering.
Series A Preferred Stock carrying value at December 31, 2015
$
62,918

Exchange of shares - Series A to Series C
(60,776
)
Accretion of discount related to issuance costs
12

Dividends recorded through June 30, 2016 1
138

Series A Preferred Stock carrying value June 30, 2016
$
2,292


1 Dividends recorded reflect the increase in the Liquidation Preference associated with unpaid dividends.