XML 21 R10.htm IDEA: XBRL DOCUMENT v3.25.3
Note 3 - Fair Value Measurements
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

3.

Fair Value Measurements

 

The following tables represent the Company’s financial assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

 

    September 30, 2025:  
   

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

   

Significant Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable
Inputs
(Level 3)

   

Fair Value

 

Assets

                               

Corporate bonds

  $ —     $ 83,674     $ —     $ 83,674  

Commercial paper

    71,395       —       —       71,395  

Certificates of deposit

    —       13,194       —       13,194  

U.S. government treasuries

    1,678       —       —       1,678  

Asset-backed securities

    —       3,742       —       3,742  

Money market funds (cash equivalents)

    12,840       —       —       12,840  

Total assets

  $ 85,913     $ 100,610     $ —     $ 186,523  

 

   

December 31, 2024:

 
   

Quoted Prices in
Active Markets for
Identical Assets
(Level 1)

   

Significant Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable
Inputs
(Level 3)

   

Fair Value

 

Assets

                               

Corporate bonds

  $ —     $ 44,963     $ —     $ 44,963  

Commercial paper

    12,084       —       —       12,084  

Certificates of deposit

    —       15,269       —       15,269  

U.S. government treasuries

    4,399       —       —       4,399  

Asset-backed securities

    —       6,524       —       6,524  

Money market funds (cash equivalents)

    23,880       —       —       23,880  

Total assets

  $ 40,363     $ 66,756     $ —     $ 107,119