Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v3.5.0.2
Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities

Following is a description of the valuation methodologies used for assets measured at fair value as of June 30, 2016 and December 31, 2015.

 

    As of June 30, 2016
          Accrued     Unrealized     Unrealized     Fair  
    Cost     Income     Gains     Losses     Value  
Level 2:                                        
Money market funds   $ 4,119     $ 1     $ -     $ -     $ 4,120  
US agency securities     -       -       -       -       -  
Certificates of deposits     290,000       1,177       969       -       292,146  
Corporate securities     928,308       3,586       -       (1,090 )     930,804  
Municipal securities     319,958       583       418       -       320,959  
Total Level 2:     1,542,385       5,347       1,387       (1,090 )     1,548,029  
                                         
Total:   $ 1,542,385     $ 5,347     $ 1,387     $ (1,090 )   $ 1,548,029  

Schedule of Available Sale Securities Maturity

As of June 30, 2016, investments in money market funds, certificates of deposit, corporate securities and municipal securities classified as available for sale mature as follows:

 

Within                 After  
1 Year     1 - 5 Years     5 - 10 Years     10 Years  
                             
$ 977,460     $ 570,569     $ -     $ -