Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM
3: Quantitative and Qualitative Disclosures About Market Risk
We
had approximately $63,601,000 in cash, cash equivalents and marketable securities as of March 31, 2021 as compared to $54,378,000 at
December 31, 2020.
To
the extent that our cash and cash equivalents exceed our near-term funding needs, we intend to invest the excess cash in money market
accounts, high-grade corporate bonds or fixed-income type bond funds. We employ established conservative policies and procedures to manage
any risks with respect to investment exposure.
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