INTERLINK ELECTRONICS INC Fair Value Disclosure
NOTE 3-FAIR VALUE MEASUREMENTS
The following table summarizes the Company’s cash and marketable securities using the hierarchy described in Note 1 under the heading “Fair Value Measurements”:
|
|
|
December 31, 2017 |
|
||||||||||
|
|
|
Adjusted |
|
Unrealized |
|
Fair Value |
|
Cash & Cash |
|
||||
|
|
|
|
(in thousands) |
|
|||||||||
|
Level 1: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
7,772 |
|
|
Restricted cash |
|
|
— |
|
|
— |
|
|
— |
|
|
5 |
|
|
Total |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
7,777 |
|
|
|
|
December 31, 2016 |
|
||||||||||
|
|
|
Adjusted |
|
Unrealized |
|
Fair Value |
|
Cash & Cash |
|
||||
|
|
|
|
(in thousands) |
|
|||||||||
|
Level 1: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
6,009 |
|
|
Restricted cash |
|
|
— |
|
|
— |
|
|
— |
|
|
5 |
|
|
Total |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
6,014 |
|
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2017 | Mar 15, 2018 | Showing above |
| 2016 | Mar 2, 2017 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.