v3.26.1
FAIR VALUE MEASUREMENT
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT

NOTE 13 – FAIR VALUE MEASUREMENT

 

Fair value is the exchange price to sell an asset or transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Fair value measurements use market data or assumptions market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs may be readily observable, corroborated by market data, or generally unobservable. Valuation techniques maximize the use of observable inputs and minimize use of unobservable inputs. The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy:

 

  ● Level 1 – Inputs are based on quoted prices in active markets for identical assets and liabilities.
  ● Level 2 – Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities.
  ● Level 3 – One or more inputs are unobservable and significant.

 

Financial and nonfinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

We did not have any financial assets or liabilities measured and recorded at fair value on a recurring basis as of March 31, 2026 and December 31, 2025.