Quarterly report pursuant to Section 13 or 15(d)

SHORT-TERM INVESTMENTS

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SHORT-TERM INVESTMENTS
6 Months Ended
Jun. 30, 2019
SHORT-TERM INVESTMENTS  
SHORT-TERM INVESTMENTS

NOTE 3 – SHORT-TERM INVESTMENTS

The following table summarizes the available-for-sale investments held:

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

Description

    

2019

    

2018

U.S. government and agency securities and treasuries

 

$

19,903,000

 

$

66,218,000

 

The amortized cost of the available-for-sale investments is adjusted for amortization of premiums and accretion of discounts to maturity. There were no material realized gains or losses recognized on the sale or maturity of available-for-sale investments during the three and six months ended June 30, 2019 and 2018.