3. Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities at fair value

The following table presents a summary of the Company’s financial instruments measured at fair value on a recurring basis for the periods indicated (in thousands):

	As of March 31, 2015								As of December 31, 2014
	(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Cash and cash equivalents	$	9,909	$	–	$	–	$	9,909	$	32,175	$	–	$	–	$	32,175
Restricted cash		10,041		–		–		10,041		509		–		–		509
Short term investments		8,190		–		–		8,190		8,189		–		–		8,189
Notes receivable		–		651		–		651		–		980		–		980
Total assets	$	28,140	$	651	$	–	$	28,791	$	40,873	$	980	$	–	$	41,853
Liabilities:
Bank acceptance payable		–		1,445		–		1,445		–		1,271		–		1,271
Total liabilities	$	–	$	1,445	$	–	$	1,445	$	–	$	1,271	$	–	$	1,271