Except for what disclosed in the following table, the Company considers that the carrying amounts of financial assets and liabilities not measured at fair value approximate their fair values or the fair values cannot be reliable estimated:
December 31, 2016
|
|
|
Carrying |
|
|
Fair Value |
|
||||||||||
|
|
|
Amount |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
||||
|
Held-to-maturity financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate bonds |
|
$ |
1,990 |
|
|
$ |
— |
|
|
$ |
1,996 |
|
|
$ |
— |
|
|
Bank debentures |
|
|
150 |
|
|
|
— |
|
|
|
150 |
|
|
|
— |
|
|
|
|
$ |
2,140 |
|
|
$ |
— |
|
|
$ |
2,146 |
|
|
$ |
— |
|
The Level 2 fair values are estimated using discounted cash flow models. The models use market-based observable inputs including duration, yield rate and credit rating.