| Summary of marketable debt securities |
| | | Amortized Cost | | | Gross Unrealized Gains | | | Gross Unrealized Losses | | | Fair Value | | | | | (in thousands) | | | Available-for-sale securities: | | | | | | | | | | | | | | April 30, 2019: | | | | | | | | | | | | | | Municipal bonds | | $ | 301 | | | $ | — | | | $ | — | | | $ | 301 | | | | | | | | | | | | | | | | | | | | | July 31, 2018: | | | | | | | | | | | | | | | | | | Certificates of deposit* | | $ | 3,032 | | | $ | — | | | $ | — | | | $ | 3,032 | | | U.S. Treasury notes | | | 1,693 | | | | — | | | | (1 | ) | | | 1,692 | | | Municipal bonds | | | 888 | | | | — | | | | — | | | | 888 | | | Total | | $ | 5,613 | | | $ | — | | | $ | (1 | ) | | $ | 5,612 | |
| * | Each of the Company’s certificates of deposit had a CUSIP, was purchased in the secondary market through a broker, and may be sold in the secondary market. |
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