Marketable Securities and Assets Measured at Fair Value

9 Months Ended

Sep. 30, 2019

Marketable Securities and Assets Measured at Fair Value

MARKETABLE SECURITIES AND ASSETS MEASURED AT FAIR VALUE

NOTE 7.    MARKETABLE SECURITIES AND ASSETS MEASURED AT FAIR VALUE

Our investments with original maturities of more than three months at the time of purchase and that are intended to be held for no more than 12 months, are considered marketable securities available for sale.

Our marketable securities consist of certificates of deposit as follows:

	September 30, 2019				December 31, 2018
	Cost		Fair Value		Cost		Fair Value
Total marketable securities	$	741	$	747	$	2,463	$	2,470

The maturities of our marketable securities available for sale as of September 30, 2019 are as follows:

	Earliest		Latest
Certificates of deposit	10/14/2019	to	7/28/2020

The value and liquidity of the marketable securities we hold are affected by market conditions, as well as the ability of the issuers of such securities to make principal and interest payments when due, and the functioning of the markets in which these securities are traded. As of September 30, 2019, we do not believe any of the underlying issuers of our marketable securities are at risk of default.

The following tables present information about our marketable securities measured at fair value, on a recurring basis, as of September 30, 2019 and December 31, 2018. The tables indicate the fair value hierarchy of the valuation

techniques utilized to determine fair value. We did not have any financial liabilities measured at fair value, on a recurring basis, as of September 30, 2019 and December 31, 2018.

September 30, 2019	Level 1		Level 2		Level 3		Total
Total marketable securities	$	—	$	747	$	—	$	747

December 31, 2018	Level 1		Level 2		Level 3		Total
Total marketable securities	$	—	$	2,470	$	—	$	2,470

There were no transfers in or out of Level 1, 2, or 3 fair value measurements during three and nine months ended September 30, 2019.