XML 19 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Note 4 - Fair Value Measurements
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

4.

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 three-month periods ended March 31, 2023 or 2022.

 

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

 

 

  March 31,  Active
Markets
for Identical
Assets
  Significant
Other
Observable
Inputs
  Significant
Unobservable
Inputs
  Amortized 
  

2023

  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Cost

 

Cash equivalents:

                    

Money Market Funds

 $63,450  $63,450  $-  $-  $63,450 

 

 

  December 31,  Active
Markets
for Identical
Assets
  Significant
Other
Observable
Inputs
  Significant
Unobservable
Inputs
   Amortized 
  

2022

  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Cost

 

Cash equivalents:

                    

Money Market Funds

 $67,801  $67,801  $-  $-  $67,801