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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GENERAL (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

In accordance with this guidance, the following table represents our fair value hierarchy for Level 1 and Level 2 financial instruments at June 30, 2019 and December 31, 2018in thousands: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value at Reporting Date Using

 


June 30, 2019: unaudited

 

Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 


Assets:

 

Level 1

 

Level 2

 

Total

Cash and cash equivalents

 

$

844

 

 

$

 

 

$

844

 

Liabilities:

 

 

 

 

 

 

 

 

Long-term debt

 

$

 

 

$

(7,667

)

 

$

(7,667

)

Long-term debt, related parties

 


 

 


(948

)

 


(948

)


 

 

Fair Value at Reporting Date Using

 


December 31, 2018:  

 

Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 


Assets:

 

Level 1

 

Level 2

 

Total

Cash and cash equivalents

 

$

1,044

 

 

$

 

 

$

1,044

 

Liabilities:

 

 

 

 

 

 

 

 

Long-term debt

 

$

 

 

$

(6,197

)

 

$

(6,197

)

Long-term debt, related parties

 


 

 


(1,430

)

 


(1,430

)