Quarterly report pursuant to Section 13 or 15(d)

CASH AND CASH EQUIVALENTS (Table)

CASH AND CASH EQUIVALENTS (Table)

3 Months Ended

Mar. 31, 2017

Cash And Cash Equivalents Table

Scedule of cash and cash equivalent

Cash and cash equivalents as of March 31, 2017 and December 31, 2016 are composed of:

		March 31, 2017				December 31, 2016

Cash		$	7,944,000			$	9,452,000
Money market fund			40,056,000				41,466,000
Total		$	48,000,000			$	50,918,000