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Investments
12 Months Ended
Dec. 31, 2014
Investments  
Investments

8. Investments

        The following table summarizes the Company's cash equivalents and investments:

 

 

December 31, 2014

 

 

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Estimated
Fair
Value

 

 

 

(in thousands)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

357

 

$

 

$

 

$

357

 

​  

​  

​  

​  

​  

​  

​  

​  

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

2,934

 

 

 

 

 

 

2,934

 

U.S treasury notes

 

 

9,020

 

 

4

 

 

 

 

9,024

 

U.S. government agency securities

 

 

8,853

 

 

 

 

(8

)

 

8,845

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

1,848

 

 

 

 

 

 

1,848

 

U.S. treasury notes

 

 

2,494

 

 

 

 

(5

)

 

2,489

 

U.S. government agency securities

 

 

31,454

 

 

 

 

(50

)

 

31,404

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

56,960

 

$

4

 

$

(63

)

$

56,901

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

December 31, 2013

 

 

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Estimated
Fair
Value

 

 

 

(in thousands)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

5,356

 

$

 

$

 

$

5,356

 

​  

​  

​  

​  

​  

​  

​  

​  

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S treasury notes

 

 

2,071

 

 

 

 

 

 

2,071

 

U.S. government agency securities

 

 

1,454

 

 

 

 

 

 

1,454

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

238

 

 

 

 

 

 

238

 

U.S. treasury notes

 

 

9,116

 

 

3

 

 

(2

)

 

9,117

 

U.S. government agency securities

 

 

8,187

 

 

1

 

 

(5

)

 

8,183

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

26,422

 

$

4

 

$

(7

)

$

26,419

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

At December 31, 2014, remaining contractual maturities of available-for-sale investments classified as current on the balance sheet were less than 12 months, and remaining contractual maturities of available-for-sale investments classified as long-term were less than two years.

        There were no unrealized gains or losses on investments reclassified from accumulated other comprehensive income to other income (expense) in the Statement of Operations during the year ended December 31, 2014.