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Investment Securities
 9 Months Ended
Sep. 30, 2019
Investments Securities [Abstract]  
Investment Securities

7.   Investment Securities



The Company currently invests in commercial paper, US government agencies and corporate notes and bonds with original maturities of not more than two years. The Company classifies these investments as held to maturity based on our intent and ability to hold these investments until maturity. As a result, these investments are recorded at amortized cost, which approximates fair value as of September 30, 2019. As of December 31, 2018, the Company invested in certain liquid investment securities which were classified as available for sale investments and measured at fair value based on Level 1 inputs.





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

The maturity dates of our investments as of September 30, 2019 are as follows:



 

Less than one year

 

 

1-5 years

 

 

Total

 

 

 

Commercial Paper Original Maturities of 91 Days or More

$

 6,824 

 

$

 -

 

$

 6,824 

 

 

 

US Government Agencies

 

 -

 

 

 1,900 

 

 

 1,900 

 

 

 

Corporate Notes and Bonds

 

 13,491 

 

 

 11,864 

 

 

 25,355 

 

 

 

Total Investments

$

 20,315 

 

$

 13,764 

 

$

 34,079