FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2024

Fair value, assets measured on recurring basis

The tables below present the recorded amount of financial assets measured at fair value (money market fund) (in thousands) on a recurring basis as of March 31, 2024 and December 31, 2023. The Company's interest-bearing deposits are measured at amortized cost, which approximates fair value to the carrying value due to the relatively short maturity of the asset, (in thousands). The Company did not have any financial assets measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. The Company did not have any material financial liabilities that were required to be measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023.


	March 31, 2024
	Level 1		Level 2		Level 3		Total
Assets
Money Market Funds – JPMorgan Chase, US	$	1,609	$	—	$	—	$	1,609
Interest bearing deposits – various banks	1,070		—		—		1,070
Total assets	$	2,679	$	—	$	—	$	2,679



Amounts included in Assets:
Cash and cash equivalents	$	1,609	$	—	$	—	$	1,609
Restricted cash	674		—		—		674
Long-term restricted cash	396		—		—		396
Total	$	2,679	$	—	$	—	$	2,679


	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets
Money Market Funds – JPMorgan Chase, US	$	2,310	$	—	$	—	$	2,310
Interest bearing deposits – various banks	1,084		—		—		1,084
Total assets	$	3,394	$	—	$	—	$	3,394



Amounts included in Assets:
Cash and cash equivalents	$	2,310	$	—	$	—	$	2,310
Restricted cash	674		—		—		674
Long-term restricted cash	410		—		—		410
Total	$	3,394	$	—	$	—	$	3,394