Investments

9 Months Ended

Sep. 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 September 30, 2021 and December 31, 2020 (in thousands):


	September 30, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Certificates of deposit	$	1,567	$	—	$	—	$	1,567
Commercial paper	8,267		2		—		8,269
Corporate notes and bonds	10,766		—		(3)		10,763
Total	$	20,600	$	2	$	(3)	$	20,599


	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 September 30, 2021 and December 31, 2020 (in thousands):


	September 30, 2021				December 31, 2020
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in less than 1 year	$	20,600	$	20,599	$	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 and nine months ended September 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 each of the three and nine months ended September 30, 2021 and 2020. No material balances were reclassified out of accumulated other comprehensive income for each of the three and nine months ended September 30, 2021 and 2020.

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

Equity securities are comprised of investments in mutual funds. The fair value of equity securities at September 30, 2021 and December 31, 2020 was $0.7 million and $0.4 million, respectively. There were no material realized or unrealized gains or losses on equity securities recorded in income for each of the three and nine months ended September 30, 2021 and 2020.