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Investment Securities
 12 Months Ended
Dec. 31, 2019
Investments Securities [Abstract]  
Investment Securities

8.  INVESTMENT SECURITIES 



As of December 31, 2019, the Company invests in commercial paper, corporate notes and bonds with original maturities of less 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, using level 1 inputs, as of December 31, 2019. Amortization related to discounts on investment securities was $221 for 2019.





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

The maturity dates of our investments as of December 31, 2019 are as follows:



 

Less than one year

 

 

1-5 years

 

 

Total

 

 

 

Commercial Paper Original Maturities of 91 Days or More

$

 8,461 

 

$

 -

 

$

 8,461 

 

 

 

Corporate Notes and Bonds

 

 14,990 

 

 

 8,629 

 

 

 23,619 

 

 

 

Total Investments

$

 23,451 

 

$

 8,629 

 

$

 32,080 

 

 

 





As of December 31, 2018, the Company invested $38,093 in certain liquid investment securities which were classified as available for sale investments and measured at fair value based on Level 1 inputs. These investments were valued using quoted market prices in an active market. All of the available for sale securities were invested in a money market account as of December 31, 2018. The Company held no available for sale securities as of December 31, 2019.