Financial Investments

6 Months Ended

Jun. 30, 2024

Financial Investments

Financial Investments

The financial investments are classified as held-to-maturity (“HTM”) because management has the intent and ability to hold the securities until maturity. These investments include time deposits with original maturities of one year or less, but greater than 90 days and are recorded at amortized cost in the condensed consolidated balance sheets.

		June 30, 2024
		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
HTM securities, at cost:
Time deposits	$	93,234	$	-	$	(206	)	$	93,027

		December 31, 2023
		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
HTM securities, at cost:
Time deposits	$	111,218	$	106	$	-	$	111,324

No allowances for credit losses were recognized as of June 30, 2024 and December 31, 2023.