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Note 7 - Marketable Securities

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

7. MARKETABLE SECURITIES

The fair value of marketable securities, which were all classified as available for sale and which the Company does not intend to sell nor will the Company be required to sell prior to recovery of their amortized cost basis, included the following (in thousands):

 

		June 30, 2024
		Adjusted Cost				Unrealized Gains				Unrealized Losses				Fair Value
Level 2:
U.S. treasury securities		$	36,867			$	4			$	(2	)		$	36,869
Total		$	36,867			$	4			$	(2	)		$	36,869

 

		December 31, 2023
		Adjusted Cost				Unrealized Gains				Unrealized Losses				Fair Value
Level 2:
U.S. treasury securities		$	30,791			$	10			$	(1	)		$	30,800
Total		$	30,791			$	10			$	(1	)		$	30,800

The carrying amounts reported in the Condensed Consolidated Balance Sheets approximate fair value based on quoted market prices or alternative pricing sources and models utilizing market observable inputs. As of June 30, 2024, the Company did not recognize any allowance for credit impairments on its available for sale securities. All investments in marketable securities are classified as current assets on the Condensed Consolidated Balance Sheets because the underlying securities mature within one year from the balance sheet date.

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The entire disclosure for investments in certain debt and equity securities.

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