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These excerpts taken from the SOMX 10-K filed Mar 13, 2009. Fair
Value of Financial Instruments
The Company’s cash, accounts payable, and accrued
liabilities are presented in the financial statements at their
carrying amounts which are reasonable estimates of fair value
due to their short maturities. The Company’s cash
equivalents, marketable securities and restricted cash are
presented in the financial statements at fair value. Marketable
securities are classified as
available-for-sale
securities with their balance reported at fair value based on
quoted market prices for the instruments. Unrealized holding
gains or losses on the Company’s marketable securities are
recorded as a separate component of stockholders’ equity
and changes in unrealized gains or losses are included in
comprehensive income (loss). See Note 2 “Fair
Value” for further information. Based on borrowing rates
currently available to the Company, the carrying value of the
debt approximates fair value.
Fair Value of Financial Instruments The Company’s cash, accounts payable, and accrued liabilities are presented in the financial statements at their carrying amounts which are reasonable estimates of fair value due to their short maturities. The Company’s cash equivalents, marketable securities and restricted cash are presented in the financial statements at fair value. Marketable securities are classified as available-for-sale securities with their balance reported at fair value based on quoted market prices for the instruments. Unrealized holding gains or losses on the Company’s marketable securities are recorded as a separate component of stockholders’ equity and changes in unrealized gains or losses are included in comprehensive income (loss). See Note 2 “Fair Value” for further information. Based on borrowing rates currently available to the Company, the carrying value of the debt approximates fair value. These excerpts taken from the SOMX 10-K filed Mar 12, 2008. Fair
Value of Financial Instruments
The Company’s cash, cash equivalents, accounts payable, and
accrued liabilities are carried at cost which approximates fair
value due to the relative short-term maturities of these
instruments. Marketable securities are classified as
available-for-sale securities with their balance reported at
fair value. Changes in the fair value of the Company’s
marketable securities are included in comprehensive income
(loss).
Fair Value of Financial Instruments The Company’s cash, cash equivalents, accounts payable, and accrued liabilities are carried at cost which approximates fair value due to the relative short-term maturities of these instruments. Marketable securities are classified as available-for-sale securities with their balance reported at fair value. Changes in the fair value of the Company’s marketable securities are included in comprehensive income (loss). This excerpt taken from the SOMX 10-K filed Mar 14, 2007. Fair
Value of Financial Instruments
The Company’s cash, cash equivalents, accounts payable, and
accrued liabilities are carried at cost which approximates fair
value due to the relative short-term maturities of these
instruments. Investments are classified as
available-for-sale
securities with their balance reported at fair value. Changes in
the fair value of our investments are included in comprehensive
income (loss).
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