Investments

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

NOTE 5. INVESTMENTS

The following tables summarize the Company’s debt securities available-for-sale investments at June 30, 2021 and December 31, 2020 (in thousands):


	June 30, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Certificates of deposit	$	2,028	$	1	$	—	$	2,029
U.S. Treasury securities	375		—		—		375
Commercial paper	9,993		3		—		9,996
Corporate notes and bonds	11,259		1		(2)		11,258
Total	$	23,655	$	5	$	(2)	$	23,658


	December 31, 2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Certificates of deposit	$	5,820	$	5	$	—	$	5,825
U.S. Treasury securities	5,908		15		—		5,923
Commercial paper	10,603		1		—		10,604
Corporate notes and bonds	9,779		1		(1)		9,779
Total	$	32,110	$	22	$	(1)	$	32,131

The following table summarizes the maturities of the Company’s debt securities available-for-sale investments at June 30, 2021 and December 31, 2020 (in thousands):


	June 30, 2021				December 31, 2020
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in less than 1 year	$	23,655	$	23,658	$	32,110	$	32,131

There were no proceeds from the sale of debt securities available-for-sale (including principal paydowns) for each of the three months ended June 30, 2021 and 2020. The Company determines gains and losses of marketable securities based on specific identification of the securities sold. There were no material realized gains or losses from debt securities available-for-sale for the three and six months ended June 30, 2021 and 2020. No material balances were reclassified out of accumulated other comprehensive income for the three and six months ended June 30, 2021 and 2020.

As of June 30, 2021, there were no holdings of debt securities available-for-sale of any one issuer in an amount greater than 10%. As of June 30, 2021, and December 31, 2020 there were no material debt securities available-for-sale in a material unrealized loss position.

As of June 30, 2021, the Company carried $0.3 million of debt securities available-for-sale that were below the Company's minimum credit rating. These debt securities available-for-sale are not in an unrealized loss position and are not subject to credit risk. All other debt securities available-for-sale had a credit rating of A- or better as of June 30, 2021.

Equity securities are comprised of investments in mutual funds. The fair value of equity securities at June 30, 2021 and December 31, 2020 was $0.6 million and $0.4 million, respectively. There were no material unrealized gains or losses on equity securities recorded in income for each of the three and six months ended June 30, 2021 and 2020. These unrealized gains or losses are recorded as a component of other income

(expense), net. There were no realized gains or losses from equity securities for each of the three and six months ended June 30, 2021 and 2020.