Investments

12 Months Ended

Dec. 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 F1+.  The Treasury Bills have terms ranging from one month to five months and are included within cash and cash equivalents on the balance sheet at December 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.

Equity securities are measured at fair value and unrealized gains and losses are recognized in non-operating income.

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

	Cost		Gross unrealized gain		Gross unrealized loss			Fair value
December 31, 2020
Commercial Paper	$	718	$	0	$	0		$	718
Treasury Bills		7,998		1		0			7,999
Equity Securities		54		0		(12	)		42
		8,770		1		(12	)		8,759
Less Cash Equivalents		718		0		0			718
Total Investments, December 31, 2020	$	8,052	$	1	$	(12	)	$	8,041
December 31, 2019
Commercial Paper	$	797	$	0	$	0		$	797
Treasury Bills		7,734		0		0			7,734
Equity Securities		54		0		(9	)		45
		8,585		0		(9	)		8,576
Less Cash Equivalents		8,531		0		0			8,531
Total Investments, December 31, 2019	$	54	$	0	$	(9	)	$	45

Changes in Accumulated Other Comprehensive Income

Changes in Accumulated Other Comprehensive Income are as follows: 

	December 31,
	2020		2019
Unrealized Gains
Unrealized holding gains arising during the period	$	1	$	0
Less: Reclassification of gains included in net income (loss)		0		(41	)
		1		(41	)
Deferred Taxes on Unrealized Gains:
Increase in deferred taxes on unrealized gains arising during the period		0		0
Less: Reclassification of taxes on gains included in net income (loss)		0		(9	)
		0		(9	)
Net Change in Accumulated Other Comprehensive Income (Loss)	$	1	$	(32	)