Investments in Available-for-Sale Securities

6 Months Ended

Jun. 30, 2022

Investments in Available-for-Sale Securities

Investments in Available-for-Sale Securities

5. Investments in Available-for-Sale Securities

The Company has invested in marketable debt securities, primarily highly liquid U.S. Treasury securities and investment grade corporate bonds. These investments are held in the custody of a major financial institution. These securities are classified as available-for-sale securities and, accordingly, the unrealized gains and losses are recorded through other comprehensive income. During the six months ended June 30, 2022, the Company liquidated its remaining investments.

The Company’s investments in available-for-sale marketable securities are as follows at December 31, 2021:

	December 31, 2021
			Gross					Allowance
			Unrealized					for - Credit	Fair
	Cost Basis		Gains			Losses		Losses	Value
	(In thousands)
Available-for-sale:
U.S. government and agency securities	$	6,074	$	—	$	(71)	$	—	$	6,003
Corporate notes and bonds		8,571		—		(111)		—		8,460
Total Investments	$	14,645	$	—	$	(182)	$	—	$	14,463

The Company classifies its investments as current based on the nature of the investments and their availability to provide cash for use in current operations.