Quarterly report pursuant to Section 13 or 15(d)

Cash Equivalents And Investments

v3.5.0.2
Cash Equivalents And Investments
 9 Months Ended
Sep. 30, 2016
Cash Equivalents And Investments [Abstract]  
Cash Equivalents And Investments

NOTE 2 – CASH EQUIVALENTS AND INVESTMENTS



The following tables show the Company’s cash equivalents and available-for-sale securities’ amortized cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short and long term investments as of September 30, 2016 and December 31, 2015:  







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016



Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

 

Cash Equivalents

 

Short-Term Investments

 

Long-Term Investments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money Market funds

$

 98,000 

 

$

 -

 

$

 -

 

$

 98,000 

 

$

 98,000 

 

$

 

 

$

 

Subtotal

 

 98,000 

 

 

 -

 

 

 -

 

 

 98,000 

 

 

 98,000 

 

 

 -

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 5,011,000 

 

 

 10,000 

 

 

 (1,000)

 

 

 5,020,000 

 

 

 -

 

 

 4,292,000 

 

 

 728,000 

Corporate Notes/Bonds

 

 4,524,000 

 

 

 1,000 

 

 

 (1,000)

 

 

 4,524,000 

 

 

 -

 

 

 4,524,000 

 

 

 -

Subtotal

 

 9,535,000 

 

 

 11,000 

 

 

 (2,000)

 

 

 9,544,000 

 

 

 -

 

 

 8,816,000 

 

 

 728,000 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

 9,633,000 

 

$

 11,000 

 

$

 (2,000)

 

$

 9,642,000 

 

$

 98,000 

 

$

 8,816,000 

 

$

 728,000 









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015



Amortized Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

Fair Value

 

Cash Equivalents

 

Short-Term Investments

 

Long-Term Investments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money Market funds

$

 1,944,000 

 

$

 -

 

$

 -

 

$

 1,944,000 

 

$

 1,944,000 

 

$

 

 

$

 

Subtotal

 

 1,944,000 

 

 

 -

 

 

 -

 

 

 1,944,000 

 

 

 1,944,000 

 

 

 -

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 5,493,000 

 

 

 3,000 

 

 

 (8,000)

 

 

 5,488,000 

 

 

 -

 

 

 1,202,000 

 

 

 4,286,000 

Corporate Notes/Bonds

 

 6,056,000 

 

 

 -

 

 

 (22,000)

 

 

 6,034,000 

 

 

 -

 

 

 4,027,000 

 

 

 2,007,000 

Subtotal

 

 11,549,000 

 

 

 3,000 

 

 

 (30,000)

 

 

 11,522,000 

 

 

 -

 

 

 5,229,000 

 

 

 6,293,000 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

 13,493,000 

 

$

 3,000 

 

$

 (30,000)

 

$

 13,466,000 

 

$

 1,944,000 

 

$

 5,229,000 

 

$

 6,293,000 



The Company tests for other-than-temporary losses on a quarterly basis and has considered the unrealized losses shown above to be temporary in nature. The Company intends to hold these investments until it can recover the full principal amount and has the ability to do so based on its other sources of liquidity. The Company expects these recoveries to occur prior to the contractual maturities.  All unrealized losses as of September 30, 2016 were in a continuous unrealized loss position for less than twelve months and are not deemed to be other than temporarily impaired as of September 30, 2016.



The following table summarizes the estimated fair value of our investments, designated as available-for-sale and classified by the contractual maturity date of the securities as of September 30, 2016:  





 

 

 

 

 

 



 

 

 

 

 

 



 

Amortized Cost

 

Estimated Market Value



 

 

 

 

Due within one year

 

$  

 8,810,000 

 

$

 8,816,000 

Due after one year through five years

 

 

 725,000 

 

 

 728,000 



 

$ 

9,535,000 

 

$

 9,544,000 



The Company did not recognize any gross realized gains, and gross realized losses were immaterial, during the three-month periods ending September 30, 2016 and 2015, respectively. If the Company had realized gains or losses, they would be included within investment and other income in the accompanying consolidated results of operations.