Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Marketable Securities

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Note 4 - Marketable Securities
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

4.         Marketable Securities

 

The available-for-sale marketable securities are primarily comprised of investments in commercial paper, corporate bonds and government securities and consist of the following, measured at fair value on a recurring basis (in thousands):

 

   

Fair Value Measurements Using Inputs Considered as of:

 
    June 30, 2024    

December 31, 2023

 
   

Total

   

Level 1

   

Level 2

   

Level 3

   

Total

   

Level 1

   

Level 2

   

Level 3

 

Commercial paper and corporate bonds

  $ 22,247     $     $ 22,247     $     $ 21,764     $     $ 21,764     $  

Government securities

    17,742             17,742             26,588             26,588        

Total

  $ 39,989     $     $ 39,989     $     $ 48,352     $     $ 48,352     $  

 

Maturities of individual securities are less than one year, and the amortized cost of all securities approximated fair value as of June 30, 2024 and December 31, 2023. Accrued interest receivable on marketable securities is included in amounts receivable and was $387,000 and $298,000 as of June 30, 2024 and December 31, 2023, respectively.

 

There were no transfers of assets between Level 1 and Level 2 of the fair value measurement hierarchy during the six months ended June 30, 2024.