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Marketable Securities

9 Months Ended

Sep. 30, 2021

Marketable Securities

Marketable Securities

4. Marketable Securities

The Company has classified its marketable securities as available-for-sale securities. These securities are carried at estimated fair value with unrealized holding gains and losses included in accumulated other comprehensive loss in stockholders’ equity until realized. Gains and losses on marketable security transactions are reported on the specific-identification method. Dividend and interest income are recognized when earned.

The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value for available-for-sale securities by major security type and class of securities at September 30, 2021 and December 31, 2020 were as follows:

		Amortized cost				Gross unrealized holding gains				Gross unrealized holding losses				Estimated fair value
September 30, 2021
Available-for-sale securities:
Corporate bonds and notes		$	808			$	11			$	—			$	819
Municipal bonds			600				1				—				601
Total available-for-sale securities		$	1,408			$	12			$	—			$	1,420
December 31, 2020
Available-for-sale securities:
Corporate bonds and notes		$	1,312			$	26			$	—			$	1,338
Municipal bonds			1,536				5				—				1,541
Total available-for-sale securities		$	2,848			$	31			$	—			$	2,879

 Maturities of marketable securities classified as available-for-sale securities were as follows at September 30, 2021:

		Amortized cost				Estimated fair value
Due within one year		$	705			$	713
Due after one year through five years			703				707
Due after five years			—				—
Total available-for-sale securities		$	1,408			$	1,420

Debt securities in an unrealized loss position as of September 30, 2021 were not deemed impaired at acquisition and subsequent declines in fair value are not deemed attributed to declines in credit quality. Management believes that it is more likely than not that the securities will receive a full recovery of par value, although there can be no assurance that such recovery will occur.

There were no available-for-sale marketable securities with gross unrealized loss positions. 

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- References

No definition available.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)

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