FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]

The following table presents the liabilities that are measured and recognized at fair value on a recurring basis classified under the appropriate level of the fair value hierarchy as of June 30, 2012 (amounts in thousands):

	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability	$	-	$	-	$	1,692	$	1,692

Fair Value Liabilities Roll Forward [Table Text Block]

Rollforward of Level 3 liabilities is as follows (amounts in thousands):

Balance at December 31, 2011	$	430
Issuance of warrants		564
Change in fair value of warrant liability		698
Balance at June 30, 2012	$	1,692