INVESTMENTS

3 Months Ended

Mar. 31, 2016

Investments [Abstract]

INVESTMENTS

NOTE 3 – INVESTMENTS

Investments consist of time deposits with maturity dates of greater than 90 days totaling $367 thousand at March 31, 2016, and December 31, 2015.

The fair value of time deposits at March 31, 2016 and December 31, 2015 was determined based on its face value, which approximates its fair value and is a Level 1 input.

There was no realized gain or loss on investments for the three months ended March 31, 2016 and March 31, 2015.