Having a bit of an issue or maybe I just don't understand something. I'm using Mycelium beta 0.8.5 and it shows my regular balance 2.08+ but my spendable = 0

The incoming btc shows in my transaction history on 2 deposits. One with 264 Confirmations and one with 104 confirmations. Do I need to wait for a specific number of conf before these become spendable or am I doing something wrong?