Financial Instruments

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Financial Instruments

Financial Instruments

The following tables summarize our financial assets measured at fair value on a recurring basis at March 31, 2016 and December 31, 2015 (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 March 31, 2016
Cash	$	28,807	$	28,807	$	—	$	—
Total cash	$	28,807	$	28,807	$	—	$	—
Certificates of deposit	$	709	$	—	$	709	$	—
Merchant bank deposit	745		745		—		—
Total restricted cash and cash equivalent	$	1,454	$	745	$	709	$	—
Balance at December 31, 2015
Cash	$	35,128	$	35,128	$	—	$	—
Total cash	$	35,128	$	35,128	$	—	$	—
Certificates of deposit	$	708	$	—	$	708	$	—
Merchant bank deposit	725		725		—		—
Total restricted cash and cash equivalent	$	1,433	$	725	$	708	$	—

At March 31, 2016, and December 31, 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.

At December 31, 2015, the note payable to related party was not measured at fair value; however, the Company believes that the carrying amount of these assets and liabilities was a reasonable estimate of their fair value because of its relatively short maturity and subsequent payment.

There have been no transfers and no changes in valuation methods for these assets or liabilities for the periods ended March 31, 2016 and December 31, 2015.