Investments In Securities Held To Maturity

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note 4 - Investments In Securities Held To Maturity

As of March 31, 2017, investment in securities held to maturity primarily consisted of corporate fixed income securities and commercial paper. The Company did not have investments prior to the first quarter of 2017. The Company classifies all investments as held to maturity as these investments are short term, highly liquid investments which we intend to hold to maturity. Held to maturity securities are recorded at cost and gains and losses are only recognized as the sale or redemption of the securities is realized. Realized gains and losses are included in non-operating other income (expense) on the condensed statement of operations and are derived using the specific identification method for determining the cost of the securities sold. During the three months ended March 31, 2017, the Company had a minimal amount of net realized gain (loss) on investments recorded. Interest and dividends on investments held to maturity are included in interest and other income, net, in the condensed statements of operations.

The following is a summary of held to maturity securities at March 31, 2017:

		March 31, 2017
	Contractual Maturity (in months)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market  Value
Mutual funds		$	-	$	-	$	-		$	-
Corporate fixed income  securities	Less than 12 months		1,315		-		(1	)		1,314
Commercial paper	Less than 12 months		1,646		1		-			1,647
Total investments		$	2,961	$	1	$	(1	)	$	2,961