MARKETABLE SECURITIES AND ASSETS MEASURED AT FAIR VALUE

3 Months Ended

Mar. 31, 2020

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

As of March 31, 2020, and December 31, 2019, our marketable securities consisted of certificates of deposit and, due to their short-term nature, the fair value of these securities approximated their carrying values which were $2.5 million and $2.6 million, respectively. The maturities of our certificates of deposit as of March 31, 2020 ranged from April 14, 2020 to October 17, 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 March 31, 2020, we do not believe any of the underlying issuers of our marketable securities are at risk of default.