SHORT TERM INVESTMENTS
|12 Months Ended|
Dec. 31, 2019
|SHORT TERM INVESTMENTS|
|SHORT TERM INVESTMENTS||
8. SHORT‑TERM INVESTMENTS
The Company invests its excess cash in fixed income instruments denominated and payable in U.S. dollars including U.S. treasury securities, corporate bonds and asset‑backed securities in accordance with the Company’s investment policy that primarily seeks to maintain adequate liquidity and preserve capital.
The Company has designated all investments as available‑for‑sale and therefore such investments are reported at fair value. Unrealized gains or losses on investments are recorded in accumulated other comprehensive gain (loss), a component of stockholders’ equity.
The following table summarizes the Company’s short‑term investments (in thousands):
The entire disclosure for investments in certain debt and equity securities.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef