v3.25.2
Fair Value Measurements
 12 Months Ended
Dec. 31, 2024
Fair Value Measurements [Abstract]  
FAIR VALUE MEASUREMENTS

NOTE 9 - FAIR VALUE MEASUREMENTS

 

In accordance with ASC No. 820, the Company measures its money market funds and foreign currency derivative contracts at fair value. Money market funds are classified within Level 1. This is because these assets are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Foreign currency derivative contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments.

 

The Company’s financial assets measured at fair value on a recurring basis, excluding accrued interest components, consisted of the following types of instruments as of the following dates:

 

   December 31, 2024 
   Fair value measurements using input type 
   Level 1   Level 2   Total 
Cash and cash equivalents:            
Money market funds  $
-
   $
-
   $
-
 
Total financial assets  $
      -
   $
       -
   $
        -
 

 

   December 31, 2023 
   Fair value measurements using input type 
   Level 1   Level 2   Total 
Cash and cash equivalents:            
Money market funds  $              -   $
          -
   $
     -
 
Total financial assets  $
 -
   $
-
   $
-
 

 

   December 31, 2022 
   Fair value measurements using input type 
   Level 1   Level 2   Total 
Cash and cash equivalents:            
Money market funds  $2.5   $
-
   $2.5 
Other current liabilities:               
Foreign currency derivative instruments  $
-
   $(56)  $(56)
Total financial assets (liabilities)  $2.5   $(56)  $(53.5)