Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Assets Measured on Recurring Basis

The following tables set forth the Company’s financial assets measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016, based on the three-tier fair value hierarchy:

As of June 30, 2017	Level 1		Level 2		Total
Bank deposits	$	2,261,474	$	—	$	2,261,474
Money market funds		53,159		—		53,159
Cash and cash equivalents		2,314,633		—		2,314,633
Total	$	2,314,633	$	—	$	2,314,633

As of December 31, 2016	Level 1		Level 2		Total
Bank deposits	$	1,352,541	$	—	$	1,352,541
Money market funds		53,285		—		53,285
Cash and cash equivalents		1,405,826		—		1,405,826
Total	$	1,405,826	$	—	$	1,405,826