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Investments
9 Months Ended
Sep. 30, 2019
Investments  
Investments

Note 4.  Investments

 

The Company’s available-for-sale investments at fair value consisted of the following at September 30, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

    

 

    

Gross

    

Gross

    

Estimated

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

(In thousands)

 

Cost

 

(Losses)

 

Gains

 

Value

 

Short-term investments – commercial paper

 

$

4,256

 

$

 —

 

$

 1

 

$

4,257

 

Short-term investments – U.S. treasury bills

 

 

4,718

 

 

 —

 

 

 —

 

 

4,718

 

Total short-term investments

 

$

8,974

 

$

 —

 

$

 1

 

$

8,975

 

Total investments

 

$

8,974

 

$

 —

 

$

 1

 

$

8,975

 

 

The Company had no realized gains or losses from the sale of investments in available-for-sale securities in each of the nine months ended September 30, 2019 or 2018. There were no losses or other-than-temporary declines in value included in “Interest income” on the Company’s condensed statements of operations and comprehensive loss for any securities for the nine months ended September 30, 2019 or 2018.