Investment Securities

12 Months Ended

Dec. 31, 2020

9. INVESTMENT SECURITIES

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 its intent and ability to hold these investments until maturity. Investments are classified current if expected to mature within the next twelve months. These investments are recorded at amortized cost, which approximates fair value, using level 2 inputs. Amortization related to discounts on investment securities was $51 and $221 in 2020 and 2019, respectively.



The maturity dates of our investments as of December 31, 2020 are as follows:
		Less than one year		1-5 years		Total
Commercial Paper Original Maturities of 91 Days or More	$	7,490	$	-	$	7,490
Corporate Notes and Bonds		12,303		5,085		17,388
Total Investments	$	19,793	$	5,085	$	24,878



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

The Company also maintains excess funds within level 1 money market accounts included within cash and cash equivalents. Cash available in our money market accounts at December 31, 2020 and December 31, 2019 was $6,697 and $7,200, respectively.