8. FAIR VALUE MEASUREMENTS (Details-Significant Assumptions and Fair Value) (USD $)
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3 Months Ended | 12 Months Ended |
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Mar. 31, 2015
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Dec. 31, 2014
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Significant assumptions used in the valuations | ||
Fair value (in dollars) | $ 2,120,000us-gaap_WarrantsAndRightsOutstanding | $ 1,986,000us-gaap_WarrantsAndRightsOutstanding |
Original Issuance 09/26/2012 | ||
Significant assumptions used in the valuations | ||
Exercise price |
$ 8.85us-gaap_FairValueAssumptionsExercisePrice / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
$ 8.85us-gaap_FairValueAssumptionsExercisePrice / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
Volatility |
54.60%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
51.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
Risk free interest rate |
0.20%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
0.19%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
Term (years) | 5 months 26 days | 8 months 26 days |
Discount for Marketability restrictions |
32.00%peix_FairValueAssumptionsMarketabilityDiscount / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
37.00%peix_FairValueAssumptionsMarketabilityDiscount / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
Warrants Outstanding |
452,000us-gaap_ClassOfWarrantOrRightOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
473,000us-gaap_ClassOfWarrantOrRightOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
Fair value (in dollars) |
815,000us-gaap_WarrantsAndRightsOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
748,000us-gaap_WarrantsAndRightsOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssued20120926Member |
Original issuance 7/3/2012 | ||
Significant assumptions used in the valuations | ||
Exercise price |
$ 6.09us-gaap_FairValueAssumptionsExercisePrice / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
$ 6.09us-gaap_FairValueAssumptionsExercisePrice / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
Volatility |
53.90%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
56.10%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
Risk free interest rate |
0.56%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
0.89%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
Term (years) | 2 years 3 months 4 days | 2 years 6 months 4 days |
Discount for Marketability restrictions |
30.60%peix_FairValueAssumptionsMarketabilityDiscount / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
32.80%peix_FairValueAssumptionsMarketabilityDiscount / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
Warrants Outstanding |
211,000us-gaap_ClassOfWarrantOrRightOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
211,000us-gaap_ClassOfWarrantOrRightOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
Fair value (in dollars) |
855,000us-gaap_WarrantsAndRightsOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
811,000us-gaap_WarrantsAndRightsOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirdJulyTwoThousandTwelveMember |
Original issuance 12/13/2011 | ||
Significant assumptions used in the valuations | ||
Exercise price |
$ 8.43us-gaap_FairValueAssumptionsExercisePrice / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
$ 8.43us-gaap_FairValueAssumptionsExercisePrice / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
Volatility |
54.80%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
54.30%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
Risk free interest rate |
0.56%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
0.67%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
Term (years) | 1 year 8 months 16 days | 1 year 11 months 12 days |
Discount for Marketability restrictions |
27.30%peix_FairValueAssumptionsMarketabilityDiscount / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
28.70%peix_FairValueAssumptionsMarketabilityDiscount / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
Warrants Outstanding |
138,000us-gaap_ClassOfWarrantOrRightOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
138,000us-gaap_ClassOfWarrantOrRightOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
Fair value (in dollars) |
$ 450,000us-gaap_WarrantsAndRightsOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
$ 427,000us-gaap_WarrantsAndRightsOutstanding / us-gaap_FinancialInstrumentAxis = peix_WarrantIssuedOnThirteenDecemberTwoThousandTwelveMember |
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Fair Value Assumptions Marketability Discount. No definition available.
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Number of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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