Note 3 - Fair Value Measurements

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Fair Value Disclosures [Text Block]

3.

 

Fair Value Measurements

Below is a summary of assets and liabilities measured at fair value (in thousands):

	As of June 30, 2019
	Quoted Prices		Significant		Significant
	in Active		Observable		Unobservable
	Markets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets
Cash equivalents	$	10,676	$	-	$	-	$	10,676
Total	$	10,676	$	-	$	-	$	10,676

	As of December 31, 2018
	Quoted Prices		Significant		Significant
	in Active		Observable		Unobservable
	Markets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets
Cash equivalents	$	18,353	$	-	$	-	$	18,353
Government securities		2,496		-		-		2,496
Total	$	20,849	$	-	$	-	$	20,849

As of

June 30, 2019

and

December 31, 2018,

the Company’s cash equivalents consist principally of money market funds and government debt securities with original maturities of

90

days or less. Government securities consist principally of government debt securities and money market funds which are classified as available-for-sale.

Available-for-sale securities at

June 30, 2019

and

December 31, 2018

consist of the following (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
June 30, 2019
Government securities
(Due within 1 year)	$	-	$	-	$	-	$	-
	$	-	$	-	$	-	$	-
December 31, 2018
Government securities
(Due within 1 year)	$	2,496	$	-	$	-	$	2,496
	$	2,496	$	-	$	-	$	2,496