Quarterly report pursuant to Section 13 or 15(d)

Short-Term Investments

v3.19.3
Short-Term Investments
9 Months Ended
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Short-Term Investments

NOTE 3 – SHORT-TERM INVESTMENTS

 

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

 

Description  

September 30,

2019

   

December 31,

2018

 
U.S. government and agency securities and treasuries   $ -     $ 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 nine months ended September 30, 2019 and 2018.