Note 7 - Investments |
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| Investment in Debt and Equity Securities and Other Trading Assets [Text Block] |
Note 7 – Investments
The following table summarizes the Company’s investments as of June 30, 2026 (in thousands):
The Company classifies its investments as available-for-sale, and they consist entirely of debt securities. As of June 30, 2026, the amortized cost of investments included an immaterial amount of accrued interest. As of June 30, 2026, marketable securities were in a net unrealized loss position. Unrealized gains and losses on available-for-sale debt securities are included as a component of comprehensive loss.
As of June 30, 2026, the aggregate fair value of investments held by the Company in an unrealized loss position was $19.8 million which consisted of three securities. The unrealized loss was primarily driven by minor fluctuations in the fair value of U.S. government securities. The Company does not expect to settle the debentures at a price less than the amortized cost basis of the investment; the Company expects to recover the entire amortized cost basis of the security. In accordance with the Company’s general investment strategy, the Company does not intend to sell the investments before maturity. As of June 30, 2026, the Company believes the cost basis for its marketable securities was recoverable in all material aspects and no allowance for credit losses was recognized in the period.
The Company’s investments as of June 30, 2026 mature at various dates through October 2026. The fair values of investments by contractual maturity consist of the following (in thousands):
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