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Marketable Securities
12 Months Ended
Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

Note 3. Marketable Securities

The Company’s marketable securities consisted of the following:

 

 

December 31, 2019

 

 

Amortized

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Aggregate

Fair Value

 

 

(in thousands)

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

$

4,700

 

 

$

 

 

$

 

 

$

4,700

 

Corporate debt securities

 

17,962

 

 

 

43

 

 

 

(2

)

 

 

18,003

 

Less: Cash equivalents

 

(6,399

)

 

 

 

 

 

 

 

 

(6,399

)

Total short-term marketable securities

 

16,263

 

 

 

43

 

 

 

(2

)

 

 

16,304

 

Corporate debt securities

 

41,861

 

 

 

116

 

 

 

(30

)

 

 

41,947

 

Total long-term marketable securities

 

41,861

 

 

 

116

 

 

 

(30

)

 

 

41,947

 

Total marketable securities

$

58,124

 

 

$

159

 

 

$

(32

)

 

$

58,251

 

 

 

December 31, 2018

 

 

Amortized

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Aggregate

Fair Value

 

 

(in thousands)

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

$

2,692

 

 

$

 

 

$

 

 

$

2,692

 

United States Treasury

 

990

 

 

 

 

 

 

 

 

 

990

 

U.S. government agency securities

 

790

 

 

 

 

 

 

 

 

 

790

 

Corporate debt securities

 

22,613

 

 

 

1

 

 

 

(96

)

 

 

22,518

 

Less: Cash equivalents

 

(2,692

)

 

 

 

 

 

 

 

 

(2,692

)

Total short-term marketable securities

 

24,393

 

 

 

1

 

 

 

(96

)

 

 

24,298

 

Corporate debt securities

 

6,383

 

 

 

11

 

 

 

(8

)

 

 

6,386

 

Total long-term marketable securities

 

6,383

 

 

 

11

 

 

 

(8

)

 

 

6,386

 

Total marketable securities

$

30,776

 

 

$

12

 

 

$

(104

)

 

$

30,684

 

 

Management determined that the gross unrealized losses of $32,000 on the Company’s marketable securities as of December 31, 2019 were temporary in nature. Gross unrealized losses on the Company’s marketable securities were $104,000 as of December 31, 2018. The Company currently does not intend to sell these securities prior to maturity and does not consider these investments to be other-than-temporarily impaired as of December 31, 2019.