v3.25.4
Cash Equivalents
12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents [Abstract]  
Cash Equivalents
NOTE 4 – CASH EQUIVALENTS
Cash equivalents consist of the following:
As of December 31,
20252024
dollars in thousands
Carrying Value
Cash equivalents:
Money market fund$25,035 $36,305 
Restricted cash:
Money market fund$— $13,747 
There were no proceeds from sales of available-for-sale securities and gross realized gains included in earnings for the year ended December 31, 2025. For the year ended December 31, 2024, such proceeds and realized gains were $1.1 million and $16,000, respectively. The Company determines gains and losses using the first-in first-out method. For the year ended December 31, 2024, the Company reclassified out of Accumulated other comprehensive income a loss of $30,000.