FAIR VALUE DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2013

FAIR VALUE DISCLOSURES

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2013 and 2012, by level within the fair value hierarchy:

(in thousands)
Description	Fair Value at  December 31, 2013		Level 1		Level 2		Level 3
Liabilities
CVRs	$	-	$	-	$	-	$	-

Description	Fair Value at December 31, 2012		Level 1		Level 2		Level 3
Liabilities
Warrants	$	-	$	-	$	-	$	-