As of December 31, the Company’s fair value hierarchy for its financial assets that are carried at fair value was as follows:
Money market accounts Assets held in trust
Money market accounts Assets held in trust
Money market accounts Assets held in trust
$ $
$ $
$ $
Assets at Fair Value as of December 31, 2016 Total Level 1 Level 2 Level 3 246,752 $ 246,752 $ - $ 182,727 182,727 429,479 $ 429,479 $ - $ Assets at Fair Value as of December 31, 2015 Total Level 1 Level 2 Level 3 2,084,942 $ 2,084,942 $ - $ 171,765 171,765 2,256,707 $ 2,256,707 $ - $ Assets at Fair Value as of December 31, 2014 Total Level 1 Level 2 Level 3 5,196,034 $ 5,196,034 $ - $ 91,551 91,551 5,287,585 $ 5,287,585 $ - $
Money market accounts are classified within Level 1 and are valued based on quoted prices in active markets for identical securities. Assets held in trust funds related to a supplemental retirement plan (Note 13) and are classified within Level 1. These assets include investments that are actively traded and have quoted net asset values that are observable in the marketplace.
NOTE 4 - Fixed Assets Fixed Assets consisted of the following: December 31, 2016 Computer equipment
$
Computer software Furniture and fixtures Less: Accumulated depreciation Total
$
11,162,903
2015 $
13,447,123
2014 $
12,236,758
19,705,397
25,076,322
24,049,422
2,068,939
1,904,266
1,836,302
32,937,239
40,427,711
38,122,482
27,690,478
34,949,747
32,273,456
5,246,761
$
5,477,964
$
5,849,026
As of December 31, 2016, there was $97,639 capitalized to furniture and fixtures that the Company was not depreciating, as these assets were not yet placed in service. For the year ended December 31, 2016 there were disposals of fully depreciated assets of $10,473,414. Depreciation
2016 Annual Report
35