Quarterly report pursuant to Section 13 or 15(d)

Short-term investments

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Short-term investments
 9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Short-term investments

Note 4 – Short-term investments

 

Short term investments as of September 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 short-term investments as of September 30, 2018.

 

    Amortized Cost     Carrying Value  
Mutual fund, available for sale   $ 3,026     $ 3,026  
Corporate debt securities, held-to-maturity     1,718       1,718  
Total   $ 4,744     $ 4,744  

 

The Company had deminimus unrealized gains and losses from available-for-sale securities during the three and nine months ended September 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 October 2018 through November 2018.