Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2015
Summary Of Significant Accounting Policies Tables  
Cash and cash equivalents

Cash and cash equivalents as of December 31, 2015 and December 31, 2014 are composed of: 

 

    December 31,
2015		     December 31,
2014		  
             
Cash   $ 6,283,000     $ 2,984,000  
Money market fund     14,325,000       14,678,000  
Total   $ 20,608,000     $ 17,662,000  
Fair value hierarchy for assets measured at fair value on a non-recurring basis

The Company's financial assets subject to fair value measurements and the necessary disclosures are as follows:

 

          Fair Value Measurements at December 31, 2015 Using Fair Value Hierarchy  
    Fair Value as of December 31, 2015     Level 1     Level 2     Level 3  
Cash and cash equivalents   $ 20,608,000     $ 20,608,000     $ —     $ —  
Corporate bonds     1,061,000       1,061,000       —       —  
Total   $ 21,669,000     $ 21,669,000     $ —     $ —  

 

          Fair Value Measurements at December 31, 2014 Using Fair Value Hierarchy  
    Fair Value as of December 31, 2014     Level 1     Level 2     Level 3  
Cash and cash equivalents   $ 17,662,000     $ 17,662,000     $ —     $ —  
Corporate bonds     1,079,000       1,079,000       —       —  
Total   $ 18,741,000     $ 18,741,000     $ —     $ —