Investments

12 Months Ended

Dec. 31, 2023

Investments [Abstract]

Investments

Note 2. Investments

The Company has investments in commercial paper, Treasury Bills, and common equity securities of two private U.S. companies.  The commercial paper investment is in U.S. debt with ratings of F1+.  The Treasury Bills have original maturities ranging from two months to three months.  Treasury Bills with an original maturity date of three months or less are included within cash and cash equivalents on the balance sheet. 

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, 2023
Money Market Savings	$	1,902	$	0	$	0	$	1,902
Treasury Bills		7,900		26		0		7,926
Equity Securities		54		2		0		56
		9,856		28		0		9,884
Less Cash Equivalents		9,802		26		0		9,828
Total Investments, December 31, 2023	$	54	$	2	$	0	$	56
December 31, 2022
Commercial Paper	$	1,377	$	0	$	0	$	1,377
Treasury Bills		7,922		32		0		7,954
Equity Securities		54		2		0		56
		9,353		34		0		9,387
Less Cash Equivalents		7,319		32		0		7,351
Total Investments, December 31, 2022	$	2,034	$	2	$	0	$	2,036

Changes in Accumulated Other Comprehensive Income

Changes in Accumulated Other Comprehensive Income are as follows: 

	Years Ended December 31,
	2023			2022
Unrealized Gains
Unrealized holding gains arising during the period	$	0		$	1
Less: Reclassification of gains included in net income		(1	)		0
		(1	)		1
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		0			0
		0			0
Net Change in Accumulated Other Comprehensive Income (Loss)	$	(1	)	$	1