Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.3.1.900
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]  
Summary of financial instruments measured at fair value on a recurring basis
The following table presents the financial instruments that were measured at fair value on a recurring basis at December 31, 2015 and 2014 by level within the fair value hierarchy (in thousands): 
 
December 31, 2015
Financial Assets
Level 1
 
Level 2
 
Level 3
 
Total
Money market funds
$
11,120

 
$

 
$

 
$
11,120

Common shares of CO2 Solutions (1)

 
1,549

 

 
1,549

Total
$
11,120

 
$
1,549

 
$

 
$
12,669

 
December 31, 2014
Financial Assets
Level 1
 
Level 2
 
Level 3
 
Total
Money market funds
$
14,602


$

 
$


$
14,602

Common shares of CO2 Solutions (1)


688

 

 
688

Total
$
14,602

 
$
688

 
$

 
$
15,290


(1)
We estimated the fair value of our investment in 10,000,000 common shares of CO2 Solutions using the market value of common shares as determined by trading on the TSX Venture Exchange.