Quarterly report pursuant to Section 13 or 15(d)

Fair Value

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Fair Value
6 Months Ended
Jun. 30, 2017
Fair Value  
Fair Value

6.Fair Value:

 

The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximated fair value at June 30, 2017 and December 31, 2016 because of the relative short maturity of these instruments. The Company’s accounts receivable long-term is discounted to their present value at prevailing market rates so the balances approximate fair value.