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Cash, Cash Equivalents and Short-Term Investments
 9 Months Ended
Sep. 30, 2020
Cash, Cash Equivalents, and Short-term Investments [Abstract]  
Cash, Cash Equivalents and Short-Term Investments CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Cash equivalents include items almost as liquid as cash, such as certificates of deposit and time deposits with maturity periods of three months or less when purchased. As of September 30, 2020 and December 31, 2019, the Company’s cash and cash equivalents were composed of:
September 30,
2020		December 31,
2019
UnauditedAudited
Cash$25,595 $18,377 
Money market funds208,866 158,944 
Total cash and cash equivalents$234,461 $177,321 
The Company also invests in marketable U.S. Treasury Bills (“T-bills”) that are classified as held-to-maturity securities. The amortized cost and recorded basis of the T-bills are presented as short-term investments. In August 2020, all outstanding short-term investments matured and were used to prepay the Company's outstanding term loan. See Note 5: Long Term Loan below. As of September 30, 2020 and December 31, 2019, the Company’s short-term investments were:
September 30,
2020		December 31,
2019
 UnauditedAudited
Short-term investments$— $148,769 
Quoted market prices were applied to determine the fair value of cash equivalents and short-term investments, therefore they were categorized as Level 1 in accordance with Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” The estimated fair value of the Company’s short-term investments as of September 30, 2020 and December 31, 2019 was $0 and $148,738, respectively.