Note 5 - Fair Value Measurements

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Fair Value Disclosures [Text Block]

5. Fair Value Measurements

The Company has certain cash equivalents in money market funds that are classified within Level 1 of the fair value hierarchy and are valued based on quoted prices in active markets. For cash, accounts receivables, accounts payable, and accrued interest, the carrying amounts approximate fair value, because of the short maturity of these instruments, and therefore fair value information is not included in the table below. There were no transfers between fair value levels during the six-month periods ended June 30, 2025 and 2024, respectively.

The classification of the Company’s cash equivalents within the fair value hierarchy was as follows:

	June 30,		Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Amortized
	2025		(Level 1)		(Level 2)		(Level 3)		Cost
Cash equivalents:
Money Market Funds	$	39,892	$	39,892	$	-	$	-	$	39,892

	December 31,		Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Amortized
	2024		(Level 1)		(Level 2)		(Level 3)		Cost
Cash equivalents:
Money Market Funds	$	46,061	$	46,061	$	-	$	-	$	46,061