Fair Value of Financial Assets and Liabilities

3 Months Ended

Mar. 31, 2015

Notes to Financial Statements

5. Fair Value of Financial Assets and Liabilities

The following table presents the Company's assets and liabilities that are measured at fair value at March 31, 2015 and December 31, 2014 (in thousands):

	Fair value measured at March 31, 2015
	Total carrying value at March 31,		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
	2015		(Level 1)		(Level 2)		(Level 3)
Assets
Marketable securities - mutual funds	$	2,861	$	2,861	$	-	$	-

	Fair value measured at December 31, 2014
	Total carrying value at December 31,		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
	2014		(Level 1)		(Level 2)		(Level 3)
Assets
Marketable securities - mutual funds	$	3,500	$	3,500	$	-	$	-

There were no transfers between Level 1, 2 or 3 during the three months ended March 31, 2015.