MARKETABLE SECURITIES

9 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

NOTE 5 - MARKETABLE SECURITIES

The following table sets forth the Company’s marketable securities for the indicated period:

	September 30,		December 31,
	2024		2023
	($ in thousands)
U.S. government bonds	$	24,584	$	29,383

The following table summarizes the fair value of the Company’s marketable securities classified by maturity as of September 30, 2024, and December 31, 2023:

	September 30,		December 31,
	2024		2023
	($ in thousands)
Amounts maturing within one year	$	24,584	$	24,523
Amounts maturing after one year through two years		-		4,860
	$	24,584	$	29,383

The table below sets forth a summary of the changes in the fair value of the Company’s marketable securities for the nine months period ended September 30, 2024:

	Nine months ended September 30,			Nine months ended September 30,
	2024			2023
	($ in thousands)
Balance at beginning of the period	$	29,383			-
Additions		14,444			28,838
Maturity		(20,000	)
Interest received		(217	)
Changes in fair value during the period		974			321
Balance at end of the period		24,584			29,159

The Company elected the fair value option to measure and recognize its investments in debt securities in accordance with ASC 825, Financial Instruments as the Company manages its portfolio and evaluates the performance on a fair value basis.