Quarterly report pursuant to Section 13 or 15(d)

Short Term Investments

v3.19.3
Short Term Investments
9 Months Ended
Sep. 30, 2019
Available For Sale Securities [Abstract]  
Short Term Investments

4. Short-term Investments

The Company classifies its short-term investments as available for sale. Short-term investments comprise highly liquid investments with minimum “A-” rated securities. Investments are reported at fair value with unrealized gains or losses recorded in the condensed consolidated statements of operations and comprehensive loss. Any differences between the cost and fair value of investments are represented by unrealized gains or losses. The fair value of short-term investments are represented by Level 1 fair value measurements – quoted prices in active markets for identical assets.

The Company did not hold any short-term investments as of September 30, 2019. The following table represents the Company’s available for sale short-term investments by major security type as of December 31, 2018.  

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity by period

 

 

 

 

 

 

 

Unrealized

 

 

Unrealized

 

 

Fair Value

 

 

Less than 1

 

 

 

 

 

Available for sale

 

Cost Total

 

 

gains

 

 

(losses)

 

 

Total

 

 

year

 

 

1 to 5 years

 

Commercial paper

 

$

35,745

 

 

 

272

 

 

 

(9

)

 

 

36,008

 

 

 

36,008

 

 

 

 

U.S. Treasury and Agency Bonds

 

 

3,977

 

 

 

15

 

 

 

 

 

 

3,992

 

 

 

3,992

 

 

 

 

Total

 

$

39,722

 

 

 

287

 

 

 

(9

)

 

 

40,000

 

 

 

40,000