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SHORT-TERM INVESTMENTS
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
SHORT-TERM INVESTMENTS

NOTE 2 – SHORT-TERM INVESTMENTS

 

The following table summarizes the available-for-sale investments held as of December 31, 2021 and 2020.

 

Description  December 31,
2021
   December 31, 2020 
U.S. government and agency securities and treasuries  $12,086,000   $82,438,000 

 

The amortized cost of the available-for-sale investments, which is adjusted for amortization of premiums and accretion of discounts to maturity, was $12,087,000 and $82,448,000 as of December 31, 2021 and 2020, respectively. There were no significant realized gains or losses recognized on the sale or maturity of available-for-sale investments during the years ended December 31, 2021 or 2020.