Annual report pursuant to Section 13 and 15(d)

Marketable Securities

v3.19.3.a.u2
Marketable Securities
 12 Months Ended
Dec. 31, 2019
Marketable Securities [Abstract]  
Marketable Securities

3.  Marketable Securities

 

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 December 31, 2019 and 2018:







 

 

 

 

 

 

 

 

 



 

 

December 31, 2019



 

 

Cost

 

Gross
Unrealized

 

Gross
Unrealized

 

Fair



 

 

Basis

 

Gains

 

Losses

 

Value

Commercial Paper

 

$

 1,996,216 

$

 1,184 

$

 -

$

 1,997,400 

Corporate Bonds

 

 

 998,920 

 

 900 

 

 -

 

 999,820 

Total Marketable Securities

 

$

 2,995,136 

$

 2,084 

$

 -

$

 2,997,220 



 

 

 

 

 

 

 

 

 



 

 

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 December 31, 2019, all of the Company’s marketable securities are due to mature in less than one year.