CASH AND CASH EQUIVALENTS

3 Months Ended

Mar. 31, 2018

2.CASH AND CASH EQUIVALENTS

As of March 31, 2018, the Company held $11,614 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 considers only those investments that are highly liquid, readily convertible to cash, and that mature within three months from date of purchase to be cash equivalents.

At March 31, 2018 and December 31, 2017, cash equivalents were comprised of money market funds and other short-term investments.

Cash and cash equivalents consisted of the following:


	March 31,		December 31,
(In thousands)	2018		2017
Cash	$	34	$	23
Money market funds		11,580		12,887
Total cash and cash equivalents	$	11,614	$	12,910