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Fair value of financial instruments
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Fair value of financial instruments
Note 4: - Fair value of financial instruments
 
The following tables set forth the fair value of the Company’s financial assets and liabilities measured at fair value as of:
 
 
 
December 31, 2023
 
 
 
Level 1
   
Level 2
   
Level 3
 
Cash and cash equivalents:
                 
Cash
 
$
99,293
   
$
-
   
$
-
 
Money market fund
   
79,621
     
-
     
-
 
Deposits
   
4,760
     
-
     
-
 
Bank deposits
   
85,893
     
-
     
-
 
Restricted deposits
   
1,299
     
-
     
-
 
Marketable securities
   
-
     
476,138
     
-
 
Asset derivatives (located in other receivables)
   
-
     
971
     
-
 
Liability derivatives (located in other account payables and accrued expenses)
   
-
     
(87
)
   
-
 
 
 
$
270,866
   
$
477,022
   
$
-
 
 
 
 
December 31, 2022
 
 
 
Level 1
   
Level 2
   
Level 3
 
Cash and cash equivalents:
                 
Cash
 
$
52,558
   
$
-
   
$
-
 
Restricted cash
   
1,137
     
-
     
-
 
Money market funds
   
30,828
     
-
     
-
 
Bank deposits
   
3,366
     
-
     
-
 
Bank deposits
   
134,000
     
-
     
-
 
Restricted deposits
   
50
     
-
     
-
 
Marketable securities
   
-
     
431,132
     
-
 
Asset derivatives (located in other receivables)
   
-
     
60
     
-
 
Liability derivatives (located in other account payables and accrued expenses)
   
-
     
(1,444
)
   
-
 
 
 
$
221,939
   
$
429,748
   
$
-
 
 
The fair value of other financial instruments included in working capital and other non-current assets and liabilities approximate their carrying value.
 
As of December 31, 2023, the total estimated fair value of the convertible notes was approximately $405,950. The fair value of the convertible notes is considered to be Level 2 within the fair value hierarchy and was determined based on the quoted price of the convertible notes in an over-the-counter market.