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MARKETABLE SECURITIES

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

NOTE 3 - MARKETABLE SECURITIES:

The following table sets forth the Company’s marketable securities for the indicated periods:

		December 31,				June 30,
		2023				2024
Level 2 securities:
U.S government and agency bonds			2,583				1,612
Other foreign government bonds			1,946				1,974
Corporate bonds*			15,942				11,326
Total			20,471				14,912

* Investments in Corporate bonds rated A or higher.

The Company elected the fair value option to measure and recognize its investments in debt securities in accordance with ASC 825, Financial Instruments as the Company manages its portfolio and evaluates the performance on a fair value basis.

The Company’s debt securities are classified within Level 2 because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value.

The table below sets forth a summary of the changes in the fair value of the Company’s marketable securities for the indicated periods:

		Marketable securities
		For the year ended				For the six months
		December 31, 2023				ended June 30, 2024
Balance at beginning of the period		$	8,678			$	20,471
Additions			23,164				-
Sale or maturity			(11,807	)			(5,646	)
Changes in fair value during the period			436				87
Balance at end of the period		$	20,471			$	14,912

As of June 30, 2024, the Company’s debt securities had the following maturity dates:

		Market value
		June 30,
		2024
Due within one year		$	14,912

The fair value of bank deposits approximates their carrying value, since they bear interest at rates close to the prevailing market rates. In addition, due to the short-term nature and/or low-risk nature of the Company's cash and cash equivalents, restricted cash equivalents, accounts receivable, accounts payable and other payables , their carrying amounts approximates their fair value

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
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-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/940-320/tableOfContent

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-Name Regulation S-K (SK)
-Number 229
-Section 1403
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-Publisher SEC

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