Blüm Holdings Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2015

Fair value hierarchy financial assets measured

The following table represents the fair value hierarchy for those financial assets measured at fair value on a recurring basis:

	Fair Value at
	March 31,		Fair Value Measurement Using
	2015		Level 1		Level 2		Level 3

Derivative liability - Conversion Feature	$	1,322,800		-		-	$	1,322,800
	$	1,322,800		-		-	$	1,322,800

	Fair Value at
	December 31,		Fair Value Measurement Using
	2014		Level 1		Level 2		Level 3

Derivative liability - Conversion Feature	$	1,253,000		-		-	$	1,253,000
	$	1,253,000		-		-	$	1,253,000

Liabilities measured at fair value on a recurring basis using significant unobservable inputs

Liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

Balance at December 31, 2014	$	1,253,000
Change in fair market value of Conversion Feature		(408,200	)
Issuance of equity instruments with debt greater than debt carrying amount		224,000
Derivative debt converted into equity		254,000
Balance at March 31, 2015	$	1,322,800

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References + Details