Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets Details

v2.4.0.6
Balance Sheets Details
3 Months Ended
Mar. 31, 2013
Balance Sheets Details [Abstract]  
Balance Sheets Details
Balance Sheets Details
Cash Equivalents and Marketable Securities
At March 31, 2013, cash equivalents and marketable securities consisted of the following (in thousands):
 
March 31, 2013
 
 
 
Adjusted Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
Average
Contractual
Maturities
 
 
 
(in days)
Money market funds
$
17,931

 
$

 
$

 
$
17,931

 
n/a
Corporate bonds (unamortized cost)
8,437

 
9

 

 
8,446

 
82
U.S. Treasury obligations (unamortized cost)
5,505

 
4

 

 
5,509

 
172
Common shares of CO2 Solutions
563

 
367

 

 
930

 
n/a
Total
$
32,436

 
$
380

 
$

 
$
32,816

 
 

The total cash and cash equivalents balance of $31.2 million as of March 31, 2013 was comprised of money market funds of $17.9 million, and $13.3 million held as cash, primarily with major financial institutions in North America. At March 31, 2013, we had no marketable security in an unrealized loss position.
At December 31, 2012, cash equivalents and marketable securities consisted of the following (in thousands):
 
December 31, 2012
 
 
 
Adjusted Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
Average
Contractual
Maturities
 
 
 
(in days)
Money market funds
$
24,789

 
$

 
$

 
$
24,789

 
n/a
Commercial paper
1,499

 
1

 

 
1,500

 
70
Corporate bonds (unamortized cost)
9,512

 
10

 

 
9,522

 
156
U.S. Treasury obligations (unamortized cost)
5,511

 
5

 

 
5,516

 
262
Common shares of CO2 Solutions
563

 
47

 

 
610

 
n/a
Total
$
41,874

 
$
63

 
$

 
$
41,937

 
 

The total cash and cash equivalents balance of $32.0 million as of December 31, 2012, was comprised of money market funds of $24.8 million and $7.2 million held as cash, primarily with major financial institutions in North America. At December 31, 2012, we had no marketable securities in an unrealized loss position.
Inventories
Inventories, net consisted of the following (in thousands):
 
March 31,
2013
 
December 31,
2012
Raw materials
$
629

 
$
588

Work in process
112

 
52

Finished goods
945

 
662

Total inventories
$
1,686

 
$
1,302