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Fair Value of Financial Instruments
12 Months Ended
Dec. 31, 2016
Fair Value of Financial Instruments  
Fair Value of Financial Instruments

3.           Fair Value of Financial Instruments

At December 31, 2016 and 2015, the Company’s financial instruments included cash and cash equivalents, short-term investments in certificates of deposit, trade and other receivables, other current assets, accounts payable, other current liabilities and notes payable. Due to the short-term maturities of cash and cash equivalents, trade and other receivables, other current assets, accounts payables and other current liabilities, the carrying amounts approximate fair value at the respective balance sheet dates. The carrying value of the notes payable approximate their fair value based on a comparison with the prevailing market interest rate.  Due to the short-term maturities of the Company’s investments in certificates of deposit, the carrying amounts approximate fair value at the respective balance sheet dates.  The fair values of the Company’s notes payable and investments in certificates of deposit are level 2 measurements in the fair value hierarchy.