Investments

3 Months Ended

Mar. 31, 2020

Investments [Abstract]

Investments

Note 2. Investments

The Company has investments in commercial paper, Treasury Bills, and common equity securities of a private U.S. company. The commercial paper investment is in U.S. debt with ratings of A-1+, P-1, and F1+. The Treasury Bills have remaining terms ranging from one month to ten months at March 31, 2020. 

The Company classifies its investments in commercial paper and Treasury Bills as available-for-sale, accounted for at fair value with unrealized gains and losses recognized in accumulated other comprehensive gain on the balance sheet.

The cost and estimated fair value of the Company’s investments are as follows:

	Cost		Gross unrealized gain		Gross unrealized loss			Fair value
March 31, 2020
Commercial Paper	$	763	$	0	$	0		$	763
Treasury Bills		7,749		0		0			7,749
Equity Securities		45		0		(3	)		42
		8,557		0		(3	)		8,554
Less Cash Equivalents		7,513		0		0			7,513
Total Investments, March 31, 2020	$	1,044	$	0	$	(3	)	$	1,041
December 31, 2019
Commercial Paper	$	797	$	0	$	0		$	797
Treasury Bills		7,734		0		0			7,734
Equity Securities		45		0		0			45
		8,576		0		0			8,576
Less Cash Equivalents		8,531		0		0			8,531
Total Investments, December 31, 2019	$	45	$	0	$	0		$	45