Quarterly report pursuant to Section 13 or 15(d)

Marketable securities

v2.4.0.6
Marketable securities
 3 Months Ended
Mar. 31, 2013
Marketable securities  
Marketable securities

5.                                      The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximated fair value at March 31, 2013 and December 31, 2012 because of the relative short maturity of these instruments.

 

There were no available-for-sale securities as of March 31, 2013.

 

Investments in available-for-sale securities at December 31, 2012 were:

 

 

 

Cost

 

Market value

 

Unrealized (loss)

 

Certificates of deposit

 

$

4,422

 

$

4,411

 

$

(11

)

Total Marketable securities

 

$

4,422

 

$

4,411

 

$

(11

)

 

The cost and market value of the Company’s investments at December 31, 2012 determined by contractual maturity were :

 

 

 

Cost

 

Estimated
Fair Value

 

Due in one year or less

 

$

4,422

 

$

4,411