Short term investments |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Short term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Short term investments | 2.Short term investments Short-term investments include investments made by the Company in U.S. Treasury Notes and certificates of deposit which are considered as highly liquid investments having an original maturity period of more than three months but less than one year from the balance sheet date. The Company classifies its investment in U.S. Treasury Notes as held-to-maturity as it has the positive intent and ability to hold these investments until maturity. Held-to-maturity investments are carried at amortized cost. The following table summarizes the Company’s short-term investments (in thousands):
The Company evaluates its held-to-maturity investments for expected credit losses in accordance with ASC 326. As of June 30, 2026, no allowance for credit losses was recorded, as the risk of non-payment associated with investments was considered insignificant. As of June 30, 2026, the fair market value of U.S. Treasury Notes was $9.9 million. The estimated fair value of held-to-maturity U.S. Treasury Notes is disclosed for informational purposes only and does not affect the carrying amount reported in the condensed consolidated balance sheets. |
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