CASH AND CASH EQUIVALENTS

6 Months Ended

Jun. 30, 2021

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

2. CASH AND CASH EQUIVALENTS

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. 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. Management believes it is not exposed to significant credit risk.

Cash and cash equivalents consisted of the following:

	June 30,		December 31,
(In thousands)	2021		2020
Cash	$	69	$	(13)
Money market funds		22,955		19,506
Total cash and cash equivalents	$	23,024	$	19,493