Quarterly report pursuant to Section 13 or 15(d)

Marketable securities

 v2.3.0.11
Marketable securities
 6 Months Ended
Jun. 30, 2011
Marketable securities  
Marketable securities

6.             The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximated fair value at June 30, 2011 and December 31, 2010, because of the relative short maturity of these instruments.

 

Investments in available-for-sale securities at June 30, 2011 were (in thousands):

 

 

 

Cost

 

Market value

 

Unrealized Gain (loss)

 

U.S. Government Securities

 

$

1,005

 

$

1,005

 

$

—

 

Certificates of deposit

 

389

 

389

 

$

—

 

Total Marketable securities

 

$

1,394

 

$

1,394

 

$

—

 

 

The cost and market value of the Company’s investments at June 30, 2011, determined by contractual maturity, were (in thousands):

 

 

 

 

 

Estimated

 

 

 

Cost

 

Fair Value

 

 

 

 

 

 

 

Due in one year or less

 

$

1,394

 

$

1,394

 

 

Investments in available-for-sale securities at December 31, 2010 were (in thousands):

 

 

 

Cost

 

Market value

 

Unrealized Gain (loss)

 

U.S. Government Securities

 

$

1,008

 

$

1,009

 

$

1

 

Certificates of deposit

 

3,524

 

3,519

 

$

(5

)

Total Marketable securities

 

$

4,532

 

$

4,528

 

$

(4

)

 

The cost and market value of the Company’s investments at December 31, 2010, determined by contractual maturity, were (in thousands):

 

 

 

 

 

Estimated

 

 

 

Cost

 

Fair Value

 

 

 

 

 

 

 

Due in one year or less

 

$

4,532

 

$

4,528