Note 4 - Investments

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

4. INVESTMENTS

Held-to-maturity debt securities are stated at amortized cost. Investments are reviewed for impairment by management on a periodic basis. If any impairment is considered other-than-temporary, the security is written down to its fair value and a corresponding loss recorded as a component of other income (expense).

Amortized cost and fair value of corporate debt securities at June 30, 2023 and December 31, 2022 consisted of the following:

	June 30,			December 31,
	2023			2022
	(unaudited)			(audited)
	(in thousands)
Amortized cost	$	3,059		$	2,983
Unrealized gains		-			9
Unrealized losses		(8	)		-
Fair value	$	3,051		$	2,992

Maturities of debt securities at June 30, 2023 and December 31, 2022 were as follows:

	June 30, 2023 (unaudited)				December 31, 2022 (audited)
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(in thousands)
One year or less	$	2,785	$	2,778	$	2,432	$	2,440
Greater than one year through five years		274		273		551		552
	$	3,059	$	3,051	$	2,983	$	2,992

The fair value of debt securities were measured using Level 1 inputs which are based on quotes for trades occurring in active markets for identical assets.