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Note 9 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Cash Equivalents and Short-term Investments Measured at Fair Value on Recurring Basis

Below is the summary of our cash equivalents and short-term investments measured at fair value on a recurring basis and categorized using the fair value hierarchy (in thousands):

 

 

 

December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

Money market fund

 

$

24,134

 

 

$

-

 

 

$

24,134

 

Commercial paper

 

 

-

 

 

 

2,488

 

 

 

2,488

 

Corporate debt securities

 

 

-

 

 

 

826

 

 

 

826

 

Total cash equivalents

 

 

24,134

 

 

 

3,314

 

 

 

27,448

 

Available-for-sale securities

 

 

 

 

 

 

 

 

 

Securities of U.S. government and government
  agencies

 

 

-

 

 

 

30,010

 

 

 

30,010

 

Commercial paper

 

 

-

 

 

 

19,499

 

 

 

19,499

 

Certificates of deposit

 

 

-

 

 

 

1,721

 

 

 

1,721

 

Corporate debt securities

 

 

-

 

 

 

56,960

 

 

 

56,960

 

Asset-backed securities

 

 

-

 

 

 

5,918

 

 

 

5,918

 

Total available-for-sale securities

 

 

-

 

 

 

114,108

 

 

 

114,108

 

Total cash equivalents and available-for-sale
  securities

 

$

24,134

 

 

$

117,422

 

 

$

141,556

 

 

 

 

December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

Cash equivalents

 

 

 

 

 

 

 

 

 

Money market fund

 

$

46,079

 

 

$

-

 

 

$

46,079

 

Corporate debt securities

 

 

-

 

 

 

9,663

 

 

 

9,663

 

Securities of U.S. government and government
  agencies

 

 

-

 

 

 

3,978

 

 

 

3,978

 

Total cash equivalents

 

 

46,079

 

 

 

13,641

 

 

 

59,720

 

Available-for-sale securities

 

 

 

 

 

 

 

 

 

Securities of U.S. government and government
  agencies

 

 

-

 

 

 

51,500

 

 

 

51,500

 

Commercial paper

 

 

-

 

 

 

44,473

 

 

 

44,473

 

Corporate debt securities

 

 

-

 

 

 

64,570

 

 

 

64,570

 

Asset-backed securities

 

 

-

 

 

 

4,793

 

 

 

4,793

 

Total available-for-sale securities

 

 

-

 

 

 

165,336

 

 

 

165,336

 

Total cash equivalents and available-for-sale
  securities

 

$

46,079

 

 

$

178,977

 

 

$

225,056