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DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2014
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table represents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2013 and March 31, 2014 by level within the fair value hierarchy:

 
December 31, 2013
 
March 31, 2014
 
 
Fair Value Measurement Using
 
Fair Value Measurement Using
 
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
Contingent Liabilities Balance
 
$
-
  
$
-
  
$
421,000
  
$
-
  
$
-
  
$
421,000