FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value

	As of March 31, 2016								As of December 31, 2015
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Warrant liability	$	-	$	-	$	67,199	$	67,199	$	-	$	-	$	54,412	$	54,412
Derivative liability		-		-		155		155		-		-		496		496
Total	$	-	$	-	$	67,354	$	67,354	$	-	$	-	$	54,908	$	54,908

Reconciliation of assets measured at fair value on a recurring basis

	Warrants		Derivatives			Total
Fair value of liability, beginning of period	$	54,412	$	496		$	54,908
Issuances of new instruments		8,571		-			8,571
Total net losses (gains) included in:
Fair value adjustments included in net loss		4,216		(255	)		3,961
Extinguishments through cancellations		-		(86	)		(86	)
Fair value of liability, end of period	$	67,199	$	155		$	67,354