Annual report pursuant to Section 13 and 15(d)

Investments

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Investments
12 Months Ended
Dec. 31, 2019
Investments, All Other Investments [Abstract]  
Investments

NOTE 5 – INVESTMENTS

 

The Company’s investments as of December 31, 2018 include debt securities, U.S. Treasury Notes, government and state agency bonds, corporate bonds and commercial paper which are classified as either available for sale, held to maturity or trading, depending on management’s investment intentions relating to these securities. As of December 31, 2018, all of the Company’s investments are classified as available for sale. Available for sale securities are measured at fair value based on quoted market values of the securities, with the unrealized gain and (losses) reported as comprehensive income or (loss). For the years ended December 31, 2017, 2018 and 2019, the Company reported unrealized (losses) gains, net of realized amounts, of $(103), $(98) and $9, respectively, on available for sale securities in total comprehensive loss. Realized gains and losses from the sale of available for sale securities are determined on a specific-identification basis. The Company has classified as short-term those securities that mature within one year. All other securities are classified as long-term.

 

The cost, gross unrealized gains (losses) and fair value of available for sale securities by major security type at December 31, 2018 were as follows:

 

          Unrealized     Unrealized     Fair  
December 31, 2018   Cost     Gain     Loss     Value  
Investments - short term                                
U.S. Treasury Notes   $ 302     $     1     $     -     $ 303  
Corporate bonds and commercial paper     91       -       -       91  
Total investments - short term     393       1               394  
                                 
Investments - long term                                
U.S. Treasury Notes     1,569       -       (2 )     1,567  
Government agency bonds     1,548       -       (23 )     1,525  
Corporate bonds     1,062       -       (23 )     1,039  
                                 
Total investments - long term     4,179       -       (48 )     4,131  
                                 
Total investments - available for sale   $ 4,572     $ 1     $ (48 )   $ 4,525