INVESTMENTS HELD-TO-MATURITY

6 Months Ended

Jun. 30, 2020

Investments [Abstract]

INVESTMENTS HELD-TO-MATURITY

INVESTMENTS HELD-TO-MATURITY

We classify investments as held-to-maturity when we have the positive intent and ability to hold the securities to maturity.

During the six months ended June 30, 2019, we invested in commercial papers that were classified as investments held-to-maturity. As of June 30, 2019, both amortized cost value and fair value were $4.5 million with zero unrealized gain or loss. We did not recognize an other-than-temporary impairment or comprehensive gain or loss for the three and six months ended June 30, 2019.

As of June 30, 2020 and December 31, 2019, we did not have any investments classified as held-to-maturity.

We recorded interest and investment income of $7,000 and $72,000 for the three months ended June 30, 2020 and 2019, respectively, and $64,000 and $178,000 for the six months ended June 30, 2020 and 2019, respectively, associated with our cash and investment accounts.