XML 51 R24.htm IDEA: XBRL DOCUMENT v3.23.1
Marketable Securities
 12 Months Ended
Dec. 31, 2022
Marketable Securities [Abstract]  
Marketable Securities
15. Marketable Securities
 
At December 31, 2021 and 2022 the Company held marketable securities classified as available-for-sale securities as follows:
 
    December 31, 2022  
   
Amortized
Cost
    
Gross
Unrealized Gains
    
Gross Unrealized
Losses
    
Fair Value
  
                         
Mutual funds
 
$
1,274
      
3
      
(19
)
  
$
1,258
  
Government debentures
 
$
1,157
      
-
      
(368
)
  
$
789
  
Corporate debentures
 
$
16,307
    
$
13
    
$
(1,554
)
  
$
14,766
  
     
18,738
    
$
16
    
$
(1,941
)
  
$
16,813
  
 
    December 31, 2021  
   
Amortized
Cost
    
Gross
Unrealized
Gains
    
Gross
Unrealized
Losses
    
Gross
Realized
Losses
    
Fair Value
  
                               
Mutual funds
 
$
1,252
      
22
      
-
    
$
-
    
$
1,274
  
Government debentures
  
$
1,894
      
23
      
-
    
$
(9
)
  
$
1,908
  
Corporate debentures
 
$
15,617
    
$
24
    
$
(228
)
  
$
(131
)
  
$
15,282
  
     
18,763
    
$
69
    
$
(228
)
  
$
(140
)
  
$
18,464
  
 
The Following table summarizes the Compnay's marketable securities by contractual maturities:
 
   
December 31,
2022
  
   
(in thousands)
  
Within one year
   
200
  
After one year through five years
    
3,323
  
After 5 years through 10 years
    
2,978
  
After 10 years
    
980
  
     
7,481
  
 
As of December 31, 2022 the Company invests in marketable securities without a single maturity date in the amount of $9,332.
 
The following table presents fair value and gross unrealized losses of the Company's marketable securities, which have been in a continuous loss position for 12 months or longer:
 
   
December 31, 2022
    
December 31, 2021
  
   
Fair Value
    
Unrealized Loss
    
Fair Value
    
Unrealized Loss
  
Mutual Funds
    
1,258
      
(19
)
    
-
      
-
  
Government debentures
    
789
      
(368
)
    
11,409
      
(215
)
Corporate debentures
    
3,308
      
(315
)
    
-
      
-
  
Total
    
5,355
      
(702
)
    
11,409
      
(215
)
 
The following table presents fair value and gross unrealized losses of the Company's marketable securities, which have been in a continuous loss position for up than 12 months:
 
   
December 31, 2022
    
December 31, 2021
  
   
Fair Value
    
Unrealized Loss
    
Fair Value
    
Unrealized Loss
  
Mutual Funds
    
-
      
-
      
-
      
-
  
Government debentures
    
-
      
-
      
-
      
-
  
Corporate debentures
    
10,447
      
(1,239
)
    
423
      
(13
)
Total
    
10,447
      
(1,239
)
    
423
      
(13
)
 
For the year ended December 31,2022 the unrealized losses related to marketable securities were as a result of market fluctuations and not due to credit related losses, therefore, the Company did not record an allowance for credit losses for its available-for-sales marketable securities.