v3.26.1
Fair value measurement
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair value measurement

Note 5 – Fair value measurement

 

Management’s assessment of the significance of a particular input to the fair value measurement requires judgement and may affect the valuation of financial assets and liabilities and their placement within the three-tier fair value hierarchy. As of June 30, 2026 and December 31, 2025, the fair value measurement of the Company’s financial assets measured on a recurring basis were as follows (in thousands):

                    
   Fair Values as of June 30, 2026 
   Level 1   Level 2   Level 3   Total 
Cash equivalents                    
Money market funds  $27,870   $-   $-   $27,870 
Corporate bonds   1,376    -    -    1,376 
Marketable securities                    
Asset backed securities   -    2,008    -    2,008 
Commercial paper   -    6,814    -    6,814 
Corporate bonds   -    12,807    -    12,807 
US Treasury securities   -    5,964    -    5,964 
Total  $29,246   $27,593   $-   $56,839 

 

   Fair Values as of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
Cash equivalents                    
Money market funds  $4,408   $-   $-   $4,408 
Marketable securities                    
Asset backed securities   -    2,023    -    2,023 
Commercial paper   -    9,125    -    9,125 
Corporate bonds   -    18,171    -    18,171 
US Treasury securities   -    19,087    -    19,087 
Total  $4,408   $48,406   $-   $52,814 

 

In the Company’s unaudited condensed consolidated balance sheets, the carrying values of accounts and other receivables, other assets, accounts payable and accrued expenses approximated their fair values due to the nature and relatively short maturities. The fair value of debt approximates its carrying value as it is variable rate debt or has relatively short maturities. There are no other financial assets and liabilities that require fair value hierarchy measurements and disclosures for the periods presented.