CASH AND CASH EQUIVALENTS

3 Months Ended

Mar. 31, 2015

2.CASH AND CASH EQUIVALENTS

As of March 31, 2015, the Company held $24,516 in cash and cash equivalents. From time to time, the Company may have cash balances in financial institutions in excess of insurance limits. The Company has never experienced any losses related to these balances. The Company’s cash equivalents are held in money market funds. Cash and cash equivalents consisted of the following (in thousands):

	March 31, 2015		December 31, 2014

Cash	$	149	$	269
Money market fund	24,367		13,190
Total cash and cash equivalents	$	24,516	$	13,459

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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