This excerpt taken from the CYPB 10-K filed Mar 16, 2005.
The Companys short-term investments consist of securities of the U.S. government or its agencies and certificates of deposit with maturities ranging from one to twelve months. The Company has classified its short-term investments as available-for-sale and carries them at fair value with unrealized gains and losses, if any, reported as a separate component of stockholders equity and included in comprehensive loss. Realized gains and losses are calculated on the specific identification method and recorded as interest income. Realized gains on the sale of available for sale securities during the years ended December 31,
CYPRESS BIOSCIENCE, INC.