Annual report pursuant to Section 13 and 15(d)

Short-Term Investments

v3.20.1
Short-Term Investments
12 Months Ended
Dec. 31, 2019
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, 2018. There were no available-for-sale investments as of December 31, 2019.

 

Description   Fair value  
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 years ended December 31, 2019 or 2018.