CASH AND CASH EQUIVALENTS

3 Months Ended

Mar. 31, 2019

2.CASH AND CASH EQUIVALENTS

At March 31, 2019 and December 31, 2018, cash equivalents were comprised of money market funds and other short-term investments.

From time to time, the Company may have cash balances in financial institutions in excess of insurance limits. The Company has not 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 3 months from date of purchase to be cash equivalents. Management believes it is not exposed to significant credit risk.

Cash and cash equivalents consisted of the following:


	March 31,		December 31,
(In thousands)	2019		2018
Cash	$	—	$	(83)
Money market funds		13,203		16,743
Total cash and cash equivalents	$	13,203	$	16,660