STOCKHOLDERS' DEFICIT (Tables)

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Carrying value and activity of Preferred Shares

The following table sets forth the activity recorded during the nine months ended September 30, 2017 related to the Series C Preferred Stock (in thousands):

Series C Preferred Stock carrying value at December 31, 2016	$	69,540
Accretion of discount related to issuance costs	485
Dividends recorded through September 30, 2017 1	6,681
Series C Preferred Stock carrying value September 30, 2017	$	76,706

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

The following table sets forth the activity recorded during the nine months ended September 30, 2017 related to the Series A Preferred Stock (in thousands):

Series A Preferred Stock carrying value at December 31, 2016	$	2,462
Accretion of discount related to issuance costs	40
Dividends recorded through September 30, 2017 1	230
Series A Preferred Stock carrying value September 30, 2017	$	2,732

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