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Investments
6 Months Ended
Jun. 30, 2019
Investments  
Investments

7 — Investments

 

Our investments consist of corporate bonds that we have classified as available-for-sale and are summarized in the following tables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

    

Cost

    

Gains

    

Losses

    

Value

Corporate bonds:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporations

 

$

4,433,867

 

$

20,611

 

$

1,348

 

$

4,453,130

International corporations

 

 

918,417

 

 

11,314

 

 

 —

 

 

929,731

Total

 

$

5,352,284

 

$

31,925

 

$

1,348

 

$

5,382,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

    

Cost

    

Gains

    

Losses

    

Value

Corporate bonds:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporations

 

$

5,487,645

 

$

 —

 

$

58,309

 

$

5,429,336

International corporations

 

 

918,417

 

 

2,162

 

 

 —

 

 

920,579

Total

 

$

6,406,062

 

$

2,162

 

$

58,309

 

$

6,349,915

 

Unrealized losses from the above investments for all periods presented are attributable to changes in interest rates. We do not believe any of these unrealized losses represent other-than-temporary impairments based on our evaluation of available evidence as of June 30, 2019.