XML 20 R10.htm IDEA: XBRL DOCUMENT v3.25.2
Note 4 - Fair value of Marketable Securities
 6 Months Ended
Jun. 28, 2025
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

(4)         Fair value of Marketable Securities

ASC 820, Fair Value Measurements (“ASC 820”) states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. The three-tiered fair value hierarchy, which prioritizes which inputs should be used in measuring fair value, is comprised of: (Level I) observable inputs such as quoted prices in active markets; (Level II) inputs other than quoted prices in active markets that are observable either directly or indirectly and (Level III) unobservable inputs for which there is little or no market data. The fair value hierarchy requires the use of observable market data when available in determining fair value. CPS’ marketable securities consist solely of US Government bonds with a maturity of 12 months or less and which fall under Level II of the fair value hierarchy. The value of these bonds as of June 28, 2025 was $1,044,925 and was $1,031,001 as of December 28, 2024. 

 

   

June 28, 2025

    

December 28, 2024

  

Cost basis

   $ 1,033,947     $ 1,015,501  

Unrealized gain

     10,978       15,500  

Total fair value

   $ 1,044,925     $ 1,031,001