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FAIR VALUE MEASUREMENTS
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The Company’s financial assets that are measured at fair value as of March 31, 2025 and December 31, 2024 are classified in the tables below in one of the three categories described in “Fair value measurement (k)” in "Note 2 - Significant Accounting Policies” above:
March 31, 2025
(in thousands)Level 1Level 2Level 3Total
Cash and cash equivalents
$27,209 $1,000 $— $28,209 
Marketable securities— 22,063 — 22,063 
Total assets$27,209 $23,063 $— $50,272 
December 31, 2024
(in thousands)Level 1Level 2Level 3Total
Cash and cash equivalents
$19,926 $— $— $19,926 
Marketable securities— 41,590 — 41,590 
Total assets$19,926 $41,590 $— $61,516 
Other financial instruments consist of trade receivables, trade payables and accrued expenses. The fair value of these financial instruments approximates their carrying values due to their short-term nature. In determining the fair value of its Level 2 investments, the Company relied on quoted prices for identical securities in markets that are not active. These quoted prices were obtained by the Company with the assistance of a third-party pricing service based on available trade, bid and other observable market data for identical securities.