Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.19.2
Marketable Securities
6 Months Ended
Jun. 30, 2019
Marketable Securities [Abstract]  
Marketable Securities



3.  Marketable Securities



Marketable securities are considered “available-for-sale” in accordance with FASB Accounting Standards Codification (“ASC”) 320, “Debt and Equity Securities,” and thus are reported at fair value in the Company’s accompanying balance sheet, with unrealized gains and losses excluded from earnings and reported as a separate component of stockholders’ equity.  Amounts reclassified out of accumulated other comprehensive income (loss) into realized gains and losses are accounted for on the basis of specific identification and are included in other income or expense in the statement of operations.  The Company classifies such investments as current on the balance sheet as the investments are readily marketable and available for use in current operations.   



The following table shows the Company’s marketable securities’ adjusted cost, gross unrealized gains and losses, and fair value by significant investment category as of June 30, 2019 and December 31, 2018:





 

 

 

 

 

 

 

 

 



 

 

June 30, 2019



 

 

Cost

 

Gross
Unrealized

 

Gross
Unrealized

 

Fair



 

 

Basis

 

Gains

 

Losses

 

Value

Commercial Paper

 

$

5,940,729 

$

4,831 

$

 -

$

5,945,560 

Corporate Bonds

 

 

3,002,212 

 

2,348 

 

 -

 

3,004,560 

Total Marketable Securities

 

$

8,942,941 

$

7,179 

$

 -

$

8,950,120 



 

 

 

 

 

 

 

 

 



 

 

December 31, 2018



 

 

Cost

 

Gross
Unrealized

 

Gross
Unrealized

 

Fair



 

 

Basis

 

Gains

 

Losses

 

Value

Corporate Bonds

 

$

5,999,356 

$

 -

$

(17,836)

$

5,981,520 



The Company typically invests in highly-rated securities, with the primary objective of minimizing the potential risk of principal loss.  As of June 30, 2019, all of the Company’s marketable securities are due to mature in less than one year.