Quarterly report pursuant to Section 13 or 15(d)

Investments

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Investments
 3 Months Ended
Jun. 30, 2014
Investments Debt And Equity Securities [Abstract]  
Investments

 

NOTE 3 – INVESTMENTS:

 

Investments consist solely of certificates of deposits with financial institutions and fixed-income debt securities issued by the U.S. Treasury. All investments have original maturities of greater than three months and less than one year and are classified as held-to-maturity, as the Company believes it has the intent and ability to hold the securities to maturity. The investments are stated at amortized cost which approximates fair value. All investments held by the Company at June 30, 2014 are scheduled to mature on or before October 14, 2014.