| MARKETABLE SECURITIES |
NOTE
F – MARKETABLE SECURITIES
Marketable
securities as of September 30, 2023 and December 31, 2022 were composed of the following:
| Schedule of marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
September
30, 2023 |
|
| |
|
Cost
Basis |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Certificates of deposit |
|
$ |
5,250,000 |
|
|
$ |
38,000 |
|
|
$ |
— |
|
|
$ |
5,288,000 |
|
| Government securities |
|
|
7,769,000 |
|
|
|
113,000 |
|
|
|
— |
|
|
|
7,882,000 |
|
| Fixed income mutual funds |
|
|
10,650,00 |
|
|
|
— |
|
|
|
(138,000 |
) |
|
|
10,512,000 |
|
| Total marketable securities |
|
$ |
23,669,000 |
|
|
$ |
151,000 |
|
|
$ |
(138,000 |
) |
|
$ |
23,682,000 |
|
| |
|
December
31, 2022 |
|
| |
|
Cost
Basis |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Fair
Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Government Securities |
|
$ |
20,781,000 |
|
|
$ |
67,000 |
|
|
$ |
— |
|
|
$ |
20,848,000 |
|
| Fixed income mutual funds |
|
|
11,904,000 |
|
|
|
— |
|
|
|
(915,000 |
) |
|
|
10,989,000 |
|
| Certificates of Deposit |
|
|
3,019,000 |
|
|
|
— |
|
|
|
(43,000 |
) |
|
|
2,976,000 |
|
| Corporate bonds and notes |
|
|
192,000 |
|
|
|
— |
|
|
|
(14,000 |
) |
|
|
178,000 |
|
| Total marketable securities |
|
$ |
35,896,000 |
|
|
$ |
67,000 |
|
|
$ |
(972,000 |
) |
|
$ |
34,991,000 |
|
The
Company’s marketable securities are classified within Level 1 of the fair value hierarchy because they are valued using quoted
market prices in an active market.
|