• Filing Date: 2021-03-31
  • Form Type: 10-K
  • Description: Annual report
v3.21.1
Financial Instruments
12 Months Ended
Dec. 31, 2020
Investments, All Other Investments [Abstract]  
Financial Instruments

NOTE 5 – FINANCIAL INSTRUMENTS

 

Cash, Cash Equivalents and Marketable Securities

 

The following tables show the Company’s cash and marketable securities by significant investment category as of December 31, 2020 and December 31, 2019:

 

    2020  
   

Adjusted

Cost

   

Unrealized

Gain/(Loss)

   

Fair

Value

   

Cash and

Cash

Equivalents

   

Current

Marketable

Securities

    Investments  
Cash and cash equivalents   $ 1,733,000     $ -     $ 1,733,000     $ 1,733,000     $ -     $ -  
Level 1                                                
Money Market Funds     3,493,000       -       3,493,000       3,493,000       -       -  
Marketable Securities     5,641,000       3,495,000       9,136,000       -       9,136,000       -  
Level 2                                                
Warrants     700,000       356,000       1,056,000       -       -       1,056,000  
Total   $ 11,567,000     $ 3,851,000     $ 15,418,000     $ 5,226,000     $ 9,136,000     $ 1,056,000  

 

    2019  
   

Adjusted

Cost

   

Unrealized

Gain/(Loss)

   

Fair

Value

   

Cash and

Cash

Equivalents

   

Current

Marketable

Securities

    Investment  
Cash and cash equivalents   $ 1,096,000     $ -     $ 1,096,000     $ 1,096,000     $ -     $       -  
Level 1                                                
Money Market Funds     -             -       -       -               -       -  
Marketable Securities     -       -       -       -       -       -  
Level 2                                                
Warrants     -       -       -       -       -       -  
Total   $ 1,096,000     $ -     $ 1,096,000     $ 1,096,000     $ -     $ -  

 

The Company typically invests in highly rated securities, with the primary objective of minimizing the potential risk of principal loss. The Company’s investment policy generally requires securities to be investment grade and limits the amount of credit exposure to any one issuer. Fair values were determined for each individual security in the investment portfolio.