| FINANCIAL INSTRUMENTS |
6.
FINANCIAL INSTRUMENTS
Cash,
Cash Equivalents and Marketable Securities
The
following tables show the Company’s cash and marketable securities by significant investment category as of December 31:
SCHEDULE OF CASH AND MARKETABLE SECURITIES BY SIGNIFICANT INVESTMENT CATEGORY
| | |
2025 | |
| | |
Cost | | |
Unrealized
Gain/(Loss) | | |
Fair
Value | | |
Cash and
Cash
Equivalents | | |
Marketable
Securities | |
| Cash | |
$ | 4,981,000 | | |
$ | - | | |
$ | 4,981,000 | | |
$ | 4,981,000 | | |
$ | - | |
| Restricted Cash | |
| 100,000 | | |
| - | | |
| 100,000 | | |
| 100,000 | | |
| - | |
| Level 1 | |
| | | |
| | | |
| | | |
| | | |
| | |
| Money Market Funds | |
| 1,233,000 | | |
| - | | |
| 1,233,000 | | |
| 1,233,000 | | |
| - | |
| Marketable Securities | |
| 26,383,000 | | |
| (17,172,000 | ) | |
$ | 9,211,000 | | |
| - | | |
| 9,211,000 | |
| Total | |
$ | 32,697,000 | | |
$ | (17,172,000 | ) | |
$ | 15,525,000 | | |
$ | 6,314,000 | | |
$ | 9,211,000 | |
| | |
2024 | |
| | |
Cost | | |
Unrealized
Gain/(Loss) | | |
Fair
Value | | |
Cash and
Cash
Equivalents | | |
Marketable
Securities | |
| Cash | |
$ | 11,351,000 | | |
$ | - | | |
$ | 11,351,000 | | |
$ | 11,351,000 | | |
$ | - | |
| Level 1 | |
| | | |
| | | |
| | | |
| | | |
| | |
| Money Market Funds | |
| 62,000 | | |
| - | | |
$ | 62,000 | | |
| 62,000 | | |
| - | |
| Marketable Securities | |
| 25,933,000 | | |
| (16,722,000 | ) | |
$ | 9,211,000 | | |
| - | | |
| 9,211,000 | |
| Total | |
$ | 37,364,000 | | |
$ | (16,722,000 | ) | |
$ | 20,642,000 | | |
$ | 11,413,000 | | |
$ | 9,211,000 | |
The
following tables shows the Company’s net unrealized (loss) gain recognized during the year on marketable securities as of December
31:
SCHEDULE
OF NET UNREALIZED (LOSS) GAIN RECOGNIZED ON MARKETABLE SECURITIES
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Net gains (losses) recognized during the year on marketable securities | |
$ | (807,000 | ) | |
$ | (856,000 | ) |
| | |
| | | |
| | |
| Less: Net gains (losses) realized during the year on marketable securities sold during the period | |
| (666,000 | ) | |
| (113,000 | ) |
| | |
| | | |
| | |
| Net unrealized gain (loss) recognized during the reporting year on marketable securities still held at the reporting date | |
$ | (141,000 | ) | |
$ | (743,000 | ) |
The
Company typically invests with the primary objective of minimizing the potential risk of principal loss. The Company’s investment
policy generally requires securities to be investment grade and limits the amount of credit exposure to any one issuer. Fair values were
determined for each individual security in the investment portfolio.
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