Quarterly report pursuant to Section 13 or 15(d)

Fair value measurements

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Fair value measurements
6 Months Ended
Jun. 30, 2024
Fair value measurements  
Fair value measurements

Note 6 Fair value measurements

Assets and liabilities measured at fair value on a recurring basis based on Level 1, Level 2, and Level 3 fair value measurement criteria as of June 30, 2024 are as follows (in thousands):

Fair value measurements using

June 30, 

Level 1

Level 2

Level 3

     

2024

    

    

    

Assets classified as available-for-sale debt securities:

Corporate debt securities

$

2,979

2,979

$

 

$

2,979

$

2,979

 

$

 

$

The Company estimates the fair value of available-for-sale debt securities with the aid of a third party valuation service, which uses actual trade and indicative prices sourced from third-party providers on a daily basis to estimate the fair value. If observed market

prices are not available (for example securities with short maturities and infrequent secondary market trades), the securities are priced using a valuation model maximizing observable inputs, including market interest rates.