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Fair Value Of Financial Instruments
3 Months Ended
Mar. 31, 2018
Fair Value of Financial Instruments  
Fair Value Of Financial Instruments

(16) Fair Value of Financial Instruments

 

The carrying amounts of cash, cash equivalents, restricted cash, accounts receivable, accounts payable, accrued and other current liabilities approximate fair value because of the short maturity of these instruments.

 

The Company measures the fair value of outstanding debt for disclosure purposes on a recurring basis and its debt of $3,128,776 is reported at amortized cost.  The Company’s debt is subject to variable rates of interest and accordingly its carrying value is considered to be representative of its fair market value.