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Note 3 - Investments in Debt 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]

3. INVESTMENTS IN DEBT SECURITIES

Held-to-maturity debt securities are stated at amortized cost. Investments are reviewed for impairment for each reporting period. If any impairment is considered other-than-temporary, an allowance for credit loss would be established and held-to-maturity debt securities will be presented net of the credit loss allowance. Adjustments to expected credit losses are recorded as a component of other income (expense).

Amortized cost and fair value of corporate debt securities at  June 30, 2024 and December 31, 2023 consisted of the following:

		June 30,				December 31,
		2024				2023
		(unaudited)				(audited)
		(in thousands)
Amortized cost		$	3,227			$	3,135
Unrealized gains (losses)			(1	)			4
		$	3,226			$	3,139

Maturities of debt securities at June 30, 2024 and December 31, 2023 were as follows: 

		June 30, 2024 (unaudited)								December 31, 2023 (audited)
						(in thousands)
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
One year or less		$	2,949			$	2,948			$	2,671			$	2,671
Greater than one year through five years			278				278				464				468
		$	3,227			$	3,226			$	3,135			$	3,139

The fair value of debt securities was measured using Level 2 inputs, which are based on quotes for trades occurring in active markets for identical assets.

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

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