CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

6 Months Ended

Jun. 30, 2018

Cash, Cash Equivalents, and Short-term Investments [Abstract]

CASH AND CASH EQUIVALENTS

NOTE 3. CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Cash equivalents and short-term investments consist of the following (in thousands):

	June 30,		December 31,
	2018		2017
Cash equivalents - Money market funds	$	68,956	$	91,281
Cash equivalents – US government agency securities		10,977		-
Cash equivalents total	$	79,933	$	91,281

Cash equivalents in the tables above exclude cash demand deposits of $166.1 million and $54.1 million as of June 30, 2018 and December 31, 2017, respectively.

	June 30,		December 31,
	2018		2017
Short-term Investments
US treasury securities	$	18,898	$	-
US government agency securities		11,184		-
Short-term investments total	$	30,082	$	-

The cost and fair value of cash equivalents and short-term investments at June 30, 2018 and December 31, 2017 were as follows (in thousands):

					Gross		Gross
					Unrealized		Unrealized
As of June 30, 2018	Cost		Accretion		Gains		Losses			Fair Value
Money market funds	$	68,956	$		$	-	$	-		$	68,956
US government agency securities		22,161		1		-		(1	)		22,161
US treasury securities		18,900		1				(2	)		18,898
Total	$	110,016	$	2	$	-	$	(3	)	$	110,015

			Gross		Gross
			Unrealized		Unrealized
As of December 31, 2017	Cost		Gains		Losses		Fair Value
Money market funds	$	91,281	$	-	$	-	$	91,281
Total	$	91,281	$	-	$	-	$	91,281

Unrealized gains and losses are included in accumulated other comprehensive loss. All short-term investments held by the Company as of June 30, 2018 have a maturity of less than one year.