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Note 3 - Investments in Debt Securities

9 Months Ended

Sep. 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  September 30, 2024 and December 31, 2023 consisted of the following:

		September 30,				December 31,
		2024				2023
		(unaudited)				(audited)
		(in thousands)
Amortized cost		$	3,101			$	3,135
Unrealized gains			9				4
Fair value		$	3,110			$	3,139

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

		September 30, 2024 (unaudited)								December 31, 2023 (audited)
		(in thousands)
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
One year or less		$	2,982			$	2,988			$	2,671			$	2,671
Greater than one year through five years			119				122				464				468
Fair value		$	3,101			$	3,110			$	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.

+ References

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-Topic 940
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-Name Regulation S-K (SK)
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