Short-Term Investments

3 Months Ended

Mar. 31, 2012

Short-Term Investments [Abstract]

Short-Term Investments

NOTE 2 SHORT-TERM INVESTMENTS

On March 31, 2012, the Company held no short-term investments. At December 31, 2011, the Company held short-term investments of $4.5 million, consisting of an investment in a certificate of deposit, or CD, with a maturity of 26-weeks as of the date of purchase. This investment was purchased through the Certificate of Deposit Account Registry Service, or CDARS^®. Investments are made through a single CDARS Network member and when a large deposit is made, that institution uses the CDARS service to place funds into CDs issued by other members of the CDARS Network. Investments occur in increments below the standard Federal Deposit Insurance Corporation, or FDIC, insurance maximum ($250,000) so that both principal and interest are eligible for FDIC insurance. During the quarter ended March 31, 2012, this short-term investment matured and was fully redeemed.