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Cash, Cash Equivalents and Short Term Investments
6 Months Ended
Jun. 30, 2019
Cash And Cash Equivalents [Abstract]  
Cash, Cash Equivalents, and Short-Term Investments

Note 3. Cash, Cash Equivalents and Short-Term Investments

The following tables summarize the estimated value of the Company’s cash, cash equivalents and short-term investments (in thousands):

 

 

 

June 30, 2019

 

 

 

Amortized

Cost

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

35,479

 

 

$

 

 

$

 

 

$

35,479

 

Money market fund

 

 

5,835

 

 

 

 

 

 

 

 

$

5,835

 

Reverse repurchase agreements

 

 

12,000

 

 

 

 

 

 

 

 

 

12,000

 

Total cash and cash equivalents

 

$

53,314

 

 

$

 

 

$

 

 

$

53,314

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bonds

 

$

9,172

 

 

$

4

 

 

 

 

 

$

9,176

 

International corporate bonds

 

 

4,195

 

 

 

1

 

 

 

 

 

$

4,196

 

Total short-term investments

 

$

13,367

 

 

$

5

 

 

$

 

 

$

13,372

 

 

 

 

December 31, 2018

 

 

 

Amortized

Cost

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

10,253

 

 

$

 

 

$

 

 

$

10,253

 

Money market fund

 

 

140

 

 

 

 

 

 

 

 

 

140

 

Reverse repurchase agreements

 

 

24,000

 

 

 

 

 

 

 

 

 

24,000

 

Total cash and cash equivalents

 

$

34,393

 

 

$

 

 

$

 

 

$

34,393

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bonds

 

$

21,184

 

 

$

 

 

$

(19

)

 

$

21,165

 

International corporate bonds

 

 

5,972

 

 

 

 

 

 

(6

)

 

 

5,966

 

Total short-term investments

 

$

27,156

 

 

$

 

 

$

(25

)

 

$

27,131

 

 

As of June 30, 2019 and December 31, 2018, the contractual maturity for the short-term investments is less than one year. For the three and six months ended June 30, 2019 and 2018, the Company recognized no material realized gains or losses on short-term investments.