MARKETABLE SECURITIES

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

NOTE 5 - MARKETABLE SECURITIES

As of March 31, 2025 and December 31, 2024, all of the Company’s marketable securities had contractual maturities of less than one year. The fair value of these securities was $13.7 million and $15.7 million as of March 31, 2025 and December 31, 2024, respectively.

The table below sets forth a summary of the changes in the fair value of the Company’s marketable securities for the three-month period ended March 31, 2025 and 2024:

	Three months ended March 31, 2025			Three months ended March 31, 2024
	($ in thousands)
Balance at beginning of the period	$	15,721		$	29,383
Additions		6,909			1,960
Maturity		(9,000	)		(7,000	)
Interest Received		(69	)		(75	)
Changes in fair value during the period		142			293
Balance at end of the period	$	13,703		$	24,561

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