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FAIR VALUE MEASUREMENT (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value of Company's Financial Assets by Level in Fair Value Hierarchy

The fair value of the Company’s financial assets by level in the fair value hierarchy as of December 31, 2015 and 2014 was as follows:

 

December 31, 2015

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money Market Funds

 

$

86,871

 

 

$

 

 

$

 

 

$

86,871

 

 

 

December 31, 2014

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money Market Funds

 

$

71,836

 

 

$

 

 

$

 

 

$

71,836