Financial Instruments

6 Months Ended

Jun. 30, 2015

The following tables summarize our financial assets measured at fair value on a recurring basis at June 30, 2015 and December 31, 2014 (in thousands):



	Fair Value Measurements at Reporting Date Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
Balance at June 30, 2015
Cash	$	55,283	$	55,283	$	—	$	—
Total cash	$	55,283	$	55,283	$	—	$	—
Certificates of deposit	$	675	$	—	$	675	$	—
Merchant bank deposit	669		669		—		—
Total restricted cash and cash equivalent	$	1,344	$	669	$	675	$	—

Balance at December 31, 2014
Cash	$	54,812	$	54,812	$	—	$	—
Total cash	$	54,812	$	54,812	$	—	$	—
Certificates of deposit	$	675	$	—	$	675	$	—
Merchant bank deposit	718		718		—		—
Total restricted cash and cash equivalent	$	1,393	$	718	$	675	$	—

At June 30, 2015, accounts receivable and accounts payable are not measured at fair value; however, the Company believes that the carrying amounts of these assets and liabilities are a reasonable estimate of their fair value because of their relative short maturity. Accounts receivable and accounts payable are categorized as Level 2.

There have been no transfers and no changes in valuation methods for these assets or liabilities for the periods ended June 30, 2015 and December 31, 2014.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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