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Note 5 - Short-term Investments
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
5.
Short-Term Investments
 
The following is a summary of our short-term investments (in thousands):
 
 
   
June 30, 2018
 
   
 
 
 
 
Gross
   
Gross
   
 
 
 
   
Amortized
   
Unrealized
   
Unrealized
   
Estimated
 
   
Cost
   
Gains
   
Losses
   
Fair Value
 
U.S. treasury bills
  $
39,768
    $
3
    $
    $
39,771
 
U.S. corporate debt securities
   
19,176
     
     
(23
)
   
19,153
 
U.S. commercial paper
   
52,794
     
     
     
52,794
 
Foreign commercial paper
   
52,317
     
     
(5
)
   
52,312
 
Total
  $
164,055
    $
3
    $
(28
)
  $
164,030
 
 
   
D
ecember 31, 2017
 
   
 
 
 
 
Gross
   
Gross
   
 
 
 
   
Amortized
   
Unrealized
   
Unrealized
   
Estimated
 
   
Cost
   
Gains
   
Losses
   
Fair Value
 
U.S. corporate debt securities
  $
13,003
    $
    $
(10
)
  $
12,993
 
U.S. commercial paper
   
4,929
     
     
     
4,929
 
Foreign commercial paper
   
9,874
     
     
     
9,874
 
Total
  $
27,806
    $
    $
(10
)
  $
27,796
 
 
The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. We regularly monitor and evaluate the realizable value of our marketable securities. We did
not
recognize any impairment losses during the
three
and
six
months ended
June 30, 2018
and
2017.
 
Realized gains and losses associated with our investments, if any, are reported in the statements of operations and comprehensive loss. We did
not
recognize any realized gains or losses during the
three
and
six
months ended
June 30, 2018
and
2017.