v3.26.1
MARKETABLE SECURITIES
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
MARKETABLE SECURITIES

NOTE 6 - MARKETABLE SECURITIES

As of December 31, 2025 and 2024, marketable securities consisted of U.S. Government and agency debt securities as well as U.S. Treasury bills.

The following tables set forth the Company’s marketable securities:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31,

(in thousands)

​

2025

​

2024

U.S. Government and agency debt securities

​

$

500

​

$

10,572

U.S. Treasury bills

​

 

4,481

​

 

31,018

Total

​

$

4,981

​

$

41,590

​

As of December 31, 2025 and 2024, the amortized cost, gross unrealized gains, gross unrealized losses and fair value were as follows:

​

​

​

December 31, 2025

(in thousands)

  ​ ​ ​

Amortized Cost

  ​ ​ ​

Gross Unrealized Gain

  ​ ​ ​

Gross Unrealized Loss

  ​ ​ ​

Fair Value

U.S. Government and agency debt securities

​

$

500

​

$

—

​

$

—

​

$

500

U.S. Treasury bills

​

 

4,479

​

 

2

​

 

—

​

 

4,481

Total

​

$

4,979

​

$

2

​

$

—

​

$

4,981

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2024

(in thousands)

  ​ ​ ​

Amortized Cost

  ​ ​ ​

Gross Unrealized Gain

  ​ ​ ​

Gross Unrealized Loss

  ​ ​ ​

Fair Value

U.S. Government and agency debt securities

​

$

10,568

​

$

4

​

$

—

​

$

10,572

U.S. Treasury bills

​

 

31,002

​

 

16

​

 

—

​

 

31,018

Total

​

$

41,570

​

$

20

​

$

—

​

$

41,590

​

As of December 31, 2025 and 2024, $5.0 million and $41.6 million, respectively, of the marketable securities were in an unrealized gain position. The Company determined that unrealized gains and losses on marketable securities were primarily due to interest rate changes. No allowance for credit losses related to any of these securities was recorded for the years ended December 31, 2025 and 2024. All maturities are less than 12 months.