XML 92 R13.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investments
12 Months Ended
Dec. 31, 2019
Investments  
Investments

5. Investments

At December 31, 2019 and 2018, the Company had $21,601 and $69,002, respectively, of investments. At December 31, 2018, the Company transferred its investments from available-for-sale classification to trading, due to the Company's decision to liquidate all investments to complete the Acquisition in the first quarter of 2019. As a result of the transfer to trading, the Company recorded a loss of $372 in investment interest and other for the year ended December 31, 2018 and there was no unrealized gain or loss as of December 31, 2019 and 2018. Prior to December 2018, the Company considered all investments as available for sale. These investments were held in municipal and corporate securities as of December 31, 2019 and 2018. The cash flows of municipal securities are backed by the issuing municipality’s credit worthiness. All municipal securities and certificate of deposit are due in one year or less as of December 31, 2019.