2. INVESTMENTS

At December 31, 2013 and December 31, 2012, investments were classified as held-to-maturity securities, as we do not intend to sell the investments and it is not more likely than not that we will be required to sell the investments before recovery of their amortized cost basis, which may be maturity. Such classification requires these securities to be reported at amortized cost unless they are deemed to be permanently or other-than-temporarily impaired in value.

As of December 31, 2013 and 2012, all investments were in investments with maturities less than 90 days and are included in cash and cash equivalents.