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Note 3 - Investment Securities

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Investment in Debt and Equity Securities and Other Trading Assets [Text Block]

NOTE 3 - INVESTMENT SECURITIES 

The Company’s investment securities as of June 30, 2026 and December 31, 2025 primarily consist of government debt securities that are classified as held-to-maturity. Held-to-maturity securities are recorded at amortized cost.

The following tables summarize the Company’s held-to-maturity securities at June 30, 2026 and December 31, 2025:

		June 30, 2026
		Amortized				Gross				Gross
		cost, as				unrealized				unrealized				Estimated
(in thousands)		adjusted				holding gains				holding losses				fair value
Short-term obligations of domestic governmental agencies (maturing between July 2026 and June 2027) (held-to-maturity)		$	69,673			$	5			$	(53	)		$	69,625
Long-term obligations of domestic governmental agencies (maturing between July 2027 and June 2028) (held-to-maturity)			60,005				2				(318	)			59,689
Total held-to-maturity investment securities		$	129,678			$	7			$	(371	)		$	129,314

		December 31, 2025
		Amortized				Gross				Gross
		cost, as				unrealized				unrealized				Estimated
(in thousands)		adjusted				holding gains				holding losses				fair value
Short-term obligations of domestic governmental agencies (maturing between January 2026 and December 2026) (held-to-maturity)		$	62,822			$	130			$	—			$	62,952
Long-term obligations of domestic governmental agencies (maturing between January 2027 and November 2027) (held-to-maturity)			57,541				201				—				57,742
Total held-to-maturity investment securities		$	120,363			$	331			$	—			$	120,694

Included in long-term investment securities on the condensed consolidated balance sheet, are equity securities held in connection with the Precision License Agreement. See Note 5 – Fair Value Measurements for a description of the Precision License Agreement and for further information on the Company’s equity investments.

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The entire disclosure for investment in debt and equity securities and other assets at fair value and held for trading.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/942-320/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/940-320/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph b
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-10

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
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-Section 50
-Paragraph 6B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

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