|
5. SHORT-TERM INVESTMENTS
The following is a summary of the Company’s short-term investments (in thousands):
|
|
|
June 30, 2019 |
|
|
December 31, 2018 |
|
|
|
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Loss |
|
|
Fair Value |
|
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Loss |
|
|
Fair Value |
|
|
Corporate bonds and commercial paper |
|
$ |
5,989 |
|
|
$ |
3 |
|
|
$ |
- |
|
|
$ |
5,992 |
|
|
$ |
37,168 |
|
|
$ |
— |
|
|
$ |
(17 |
) |
|
$ |
37,151 |
|
|
U.S. government securities |
|
|
4,994 |
|
|
|
1 |
|
|
|
— |
|
|
|
4,995 |
|
|
|
4,995 |
|
|
|
— |
|
|
|
— |
|
|
|
4,995 |
|
|
Total Short-Term Investments |
|
$ |
10,983 |
|
|
$ |
4 |
|
|
$ |
- |
|
|
$ |
10,987 |
|
|
$ |
42,163 |
|
|
$ |
— |
|
|
$ |
(17 |
) |
|
$ |
42,146 |
|
Tax effects related to unrealized losses are not material for all periods presented.
The following table summarizes the maturities of the Company’s short-term investments by contractual maturity (in thousands):
|
|
|
June 30, 2019 |
|
|
December 31, 2018 |
|
|
|
|
Amortized Cost |
|
|
Fair Value |
|
|
Amortized Cost |
|
|
Fair Value |
|
|
Less than 1 year |
|
$ |
10,983 |
|
|
$ |
10,987 |
|
|
$ |
42,163 |
|
|
$ |
42,146 |
|
|
Due in 1-3 years |
|
|
— |
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
Total Short-Term Investments |
|
$ |
10,983 |
|
|
$ |
10,987 |
|
|
$ |
42,163 |
|
|
$ |
42,146 |
|
|