Fair Value of Financial Instruments |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Fair Value of Financial Instruments [Abstract] | |
| Fair Value of Financial Instruments | (2) Fair
Value of Financial Instruments The Company applies a
fair value hierarchy that requires the use of observable market data, when
available, and prioritizes the inputs to valuation techniques used to measure
fair value in the following categories: Level 1 – Valuation is
based upon quoted prices for identical instruments traded in active markets. Level 2 – Valuation is
based upon quoted prices for similar instruments in active markets, quoted
prices for identical or similar instruments in markets that are not active, and
model‑based valuation techniques for which all significant assumptions are
observable in the market. Level 3 – Valuation is
generated from model‑based techniques that use significant assumptions not
observable in the market. These unobservable assumptions reflect the Company’s
own estimates of assumptions market participants would use in pricing the asset
or liability. Certain of the Company’s
financial instruments, including cash, accounts receivable and other
liabilities approximate their fair value because of the short‑term maturity of
these financial instruments.
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