| MARKETABLE SECURITIES |
NOTE
F – MARKETABLE SECURITIES
Marketable
securities as of March 31, 2024 and December 31, 2023 were composed of the following:
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March
31, 2024 |
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Cost
Basis |
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Unrealized
Gains |
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Unrealized
Losses |
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Fair
Value |
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| Certificates of deposit |
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$ |
6,170,000 |
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$ |
— |
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|
$ |
(17,000 |
) |
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$ |
6,153,000 |
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| Government securities |
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11,357,000 |
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63,000 |
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(21,000 |
) |
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11,399,000 |
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| Fixed income mutual funds |
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|
7,610,000 |
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|
127,000 |
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— |
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|
|
7,737,000 |
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| Total marketable securities |
|
$ |
25,137,000 |
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|
$ |
190,000 |
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|
$ |
(38,000 |
) |
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$ |
25,289,000 |
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December
31, 2023 |
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|
Cost
Basis |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
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|
Fair
Value |
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| Certificates of Deposit |
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$ |
6,112,000 |
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$ |
― |
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$ |
(35,000 |
) |
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$ |
6,077,000 |
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| Government Securities |
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14,701,000 |
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|
127,000 |
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(10,000 |
) |
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|
14,818,000 |
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| Fixed income mutual funds |
|
|
7,585,000 |
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|
|
91,000 |
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— |
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7,676,000 |
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| Total marketable securities |
|
$ |
28,398,000 |
|
|
$ |
218,000 |
|
|
$ |
(45,000 |
) |
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$ |
28,571,000 |
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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.
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