Note 3 - Investments in Debt Securities

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

3. INVESTMENTS IN DEBT SECURITIES

Held-to-maturity debt securities are stated at amortized cost. Investments are reviewed for impairment for each reporting period. If any impairment is considered other-than-temporary, an allowance for credit loss would be established and held-to-maturity debt securities will be presented net of the credit loss allowance. Adjustments to expected credit losses are recorded as a component of other income (expense).

Amortized cost and fair value of corporate debt securities at  September 30, 2025, and December 31, 2024 consisted of the following:

	September 30,		December 31,
	2025		2024
	(unaudited)		(audited)
	(in thousands)
Amortized cost	$	120	$	2,687
Unrealized gains		2		5
Fair value	$	122	$	2,692

Maturities of debt securities at September 30, 2025, and December 31, 2024 were as follows: 

	September 30, 2025				December 31, 2024
	(unaudited)				(audited)
			(in thousands)
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
One year or less	$	120	$	122	$	2,687	$	2,692
Greater than one year through five years		-		-		-		-
Fair value	$	120	$	122	$	2,687	$	2,692

The fair value of debt securities was measured using Level 1 inputs, which are based on quotes for trades occurring in active markets for identical assets.