INVESTMENT SECURITIES, AVAILABLE-FOR-SALE AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Investments, All Other Investments [Abstract]

SCHEDULE OF FAIR VALUE HIERARCHY ASSETS AND LIABILITIES

The valuation inputs hierarchy classification for assets measured at fair value on a recurring basis are summarized below as of March 31, 2024 and December 31, 2023 (in thousands). These tables do not include cash held in our money market savings accounts.

As of March 31, 2024	Level 1		Level 2		Level 3		Total
Assets
Corporate debt securities	$	-	$	11,526	$	-	$	11,526
U.S. Treasury securities		-		17,244		-		17,244
	$	-	$	28,770	$	-	$	28,770

As of December 31, 2023	Level 1		Level 2		Level 3		Total
Assets
Corporate debt securities	$	-	$	8,471	$	-	$	8,471
U.S. Treasury securities		-		20,140		-		20,140
	$	-	$	28,611	$	-	$	28,611

SCHEDULE OF UNREALIZED GAIN OR LOSS ON SHORT-TERM INVESTMENTS

Our short-term investments are summarized below as of March 31, 2024 and December 31, 2023 (in thousands).

								Investment
	Cost/		Gross		Gross			Securities,
	Amortized		Unrealized		Unrealized			Available-
	Cost		Gains		Losses			For-Sale
As of March 31, 2024
Assets
Corporate debt securities	$	11,531	$	2	$	(7	)	$	11,526
U.S. Treasury securities		17,247		3		(6	)		17,244
	$	28,778	$	5	$	(13	)	$	28,770

								Investment
	Cost/		Gross		Gross			Securities,
	Amortized		Unrealized		Unrealized			Available-
	Cost		Gains		Losses			For-Sale
As of December 31, 2023
Assets
Corporate debt securities	$	8,466	$	6	$	(1	)	$	8,471
U.S. Treasury securities		20,119		21		-			20,140
	$	28,585	$	27	$	(1	)	$	28,611

SCHEDULE OF MATURITY DATE OF AVAILABLE-FOR-SALE SECURITIES

The maturities of the investment securities available-for-sale as of March 31, 2024 and December 31, 2023 are shown below (in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized			Estimated
	Cost		Gains		Losses			Fair Value
As of March 31, 2024
Maturity date
Less than one year	$	28,778	$	5	$	(13	)	$	28,770
	$	28,778						$	28,770

			Gross		Gross
	Amortized		Unrealized		Unrealized			Estimated
	Cost		Gains		Losses			Fair Value
As of December 31, 2023
Maturity date
Less than one year	$	28,585	$	27	$	(1	)	$	28,611
	$	28,585						$	28,611

SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS SECURITIES

The following table summarizes investments that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for more than 12 months as of March 31, 2024 and December 31, 2023 (in thousands):

	Less than Twelve Months					Twelve Months or Greater				Total
			Gross					Gross				Gross
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Losses			Value		Losses		Value		Losses
As of March 31, 2024
Corporate debt securities	$	5,667	$	(7	)	$	-	$	-	$	5,667	$	(7	)
U.S. Treasury securities		8,381		(6	)		-		-		8,381		(6	)
	$	14,048	$	(13	)	$	-	$	-	$	14,048	$	(13	)

	Less than Twelve Months					Twelve Months or Greater				Total
			Gross					Gross				Gross
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Losses			Value		Losses		Value		Losses
As of December 31, 2023
Corporate debt securities	$	1,488	$	(1	)	$	-	$	-	$	1,488	$	(1	)
U.S. Treasury securities		1,486		-			-		-		1,486		-
	$	2,974	$	(1	)	$	-	$	-	$	2,974	$	(1	)