Quarterly report pursuant to Section 13 or 15(d)

CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS

CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS

9 Months Ended

Sep. 30, 2018

NOTE F - CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS

The Company places cash investments in high quality financial institutions insured by the Federal Deposit Insurance Corporation ("FDIC"). At September 30, 2018, the Company maintained a cash balance of $25,541,000 in excess of FDIC limits.

The Company considers all highly liquid short-term investments purchased with an original maturity of three months or less to be cash equivalents.

Cash and cash equivalents, and other investments as of September 30, 2018 and December 31, 2017 were composed of:

	September 30, 2018		December 31, 2017

Cash and cash equivalents:
Cash	$	7,388,000	$	7,514,000
Money market funds		16,530,000		43,337,000
Certificates of deposit (3 months or less maturity)		3,275,000		250,000
Total Cash and cash equivalents:	$	27,193,000	$	51,101,000

Other Investments
Certificates of deposit (greater than 3 months up 12 months maturity)		8,485,000		2,000,000
Short term bond funds		12,623,000		―
Corporate bonds and notes		8,504,000		1,054,000
Total other investments		29,612,000		3,054,000
Total cash and cash equivalents and other investments	$	56,805,000	$	54,155,000

Other investments are classified as available-for-sale and are recorded at fair market value. Unrealized gains and losses are reported as other comprehensive income or loss. Realized gains and losses are reclassified from other comprehensive income or loss to net income or loss in the period they are realized.