| Marketable Securities |
Note 3 - Marketable Securities
The Company's investment in marketable securities as of December 31, 2025 and June 30, 2026 are classified as “held-to-maturity” and consist of the following:
| |
|
Amortized
cost basis**
|
|
|
Gross
unrealized
holding
gains
|
|
|
Gross
unrealized
holding
(losses)
|
|
|
Aggregate
fair value*
|
|
| |
|
US$ thousands |
|
| At June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
| Held to maturity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt securities and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| government debt securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current |
|
|
6,242 |
|
|
|
1 |
|
|
|
(54 |
) |
|
|
6,189 |
|
| Non-Current (1 to 4 years) |
|
|
23,871 |
|
|
|
4 |
|
|
|
(369 |
) |
|
|
23,506 |
|
| |
|
|
30,113 |
|
|
|
5 |
|
|
|
(423 |
) |
|
|
29,695 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Held to maturity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt securities and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| government debt securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current |
|
|
7,010 |
|
|
|
11 |
|
|
|
(35 |
) |
|
|
6,986 |
|
| Non-Current (1 to 4 years) |
|
|
25,797 |
|
|
|
70 |
|
|
|
(189 |
) |
|
|
25,678 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
32,807 |
|
|
|
81 |
|
|
|
(224 |
) |
|
|
32,664 |
|
| * |
Fair value is being determined using Level 2 inputs. |
| ** |
Including accrued interest in the amount of US$ 331 thousands and US$ 323 thousands as of December 31, 2025 and June 30, 2026 respectively.
The accrued interest is presented as part of other receivables on the balance sheet.
|
Activity in marketable securities during the six-month period ended June 30, 2026 was as follows:
|
|
US$ thousands |
|
| Balance at January 1, 2026 |
|
|
32,807 |
|
| |
|
|
|
|
| Purchases of marketable securities |
|
|
2,246 |
|
| Amortization of discount on marketable securities |
|
|
23 |
|
| Proceeds from maturity of marketable securities |
|
|
(4,963 |
) |
| Balance at June 30, 2026 |
|
|
30,113 |
|
The following table summarizes the gross unrealized losses or gains on investment securities and the fair value of those securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss or gain position, at June 30, 2026:
| |
|
Less than 12 months |
|
12 months or more |
|
Total |
|
| Held to maturity |
|
Unrealized Losses |
|
|
Fair value |
|
|
Unrealized Losses |
|
|
Fair value |
|
|
Unrealized Losses |
|
|
Fair value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt securities and government debt securities |
|
|
(99 |
) |
|
|
10,337 |
|
|
|
(324 |
) |
|
|
17,049 |
|
|
|
(423 |
) |
|
|
27,386 |
|
|
|
Less than 12 months |
|
|
12 months or more |
|
Total |
|
| Held to maturity |
|
Unrealized Gains |
|
|
Fair value |
|
|
Unrealized Gains |
|
|
Fair value |
|
|
Unrealized Gains |
|
|
Fair value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt securities and government debt securities |
|
|
- |
|
|
|
- |
|
|
|
5 |
|
|
|
2,309 |
|
|
|
5 |
|
|
|
2,309 |
|
The unrealized losses or gains on the investments were caused by changes in interest rate. The Company has the ability and intent to hold these investments until maturity and it is more likely than not that the Company will not be required to sell any of the securities before recovery.
|