Annual report pursuant to Section 13 and 15(d)

SHORT-TERM INVESTMENTS

v3.22.1
SHORT-TERM INVESTMENTS
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
SHORT-TERM INVESTMENTS

NOTE 2 – SHORT-TERM INVESTMENTS

 

The following table summarizes the available-for-sale investments held as of December 31, 2021 and 2020.

 

Description   December 31,
2021
    December 31, 2020  
U.S. government and agency securities and treasuries   $ 12,086,000     $ 82,438,000  

 

The amortized cost of the available-for-sale investments, which is adjusted for amortization of premiums and accretion of discounts to maturity, was $12,087,000 and $82,448,000 as of December 31, 2021 and 2020, respectively. There were no significant realized gains or losses recognized on the sale or maturity of available-for-sale investments during the years ended December 31, 2021 or 2020.