Quarterly report pursuant to Section 13 or 15(d)

Short-term investments, and Fair Value

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Short-term investments, and Fair Value
 6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Short-term investments, and Fair Value

Note 4 – Short-term investments, and Fair Value

 

Short term investments as of June 30, 2018 consist of held-to-maturity securities which are carried at amortized costs and available-for-sale securities which are carried at fair value. Interest and dividends on short-term investments are included in finance income, net. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization and accretion is included in finance income, net. The Company did not have any short-term investments at December 31, 2017.

 

The following table summarizes, by major security type, the Company’s assets that are measured at fair value on a recurring basis and were categorized using the fair value hierarchy and where they are classified on the condensed consolidated balance sheet as of June 30, 2018.

 

    Amortized Cost     Estimated Fair Value  
Level 1 securities:                
Mutual fund, available-for-sale   $ 4,868     $ 4,868  
Level 2 securities:                
Corporate debt securities, held-to-maturity     5,006       5,006  
Total   $ 9,874     $ 9,874  

 

There were no changes in the fair value hierarchy leveling during the three and six months ended June 30, 2018. The Company had $0 unrealized gains and losses from available-for-sale securities during the three and six months ended June 30, 2018. Actual maturities may differ from contractual maturities because the issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Contractual securities mature from July 2018 through November 2018.