Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)

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INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2024
Investments And Fair Value Measurements  
SCHEDULE OF SHORT TERM INVESTMENT

 

    September 30, 2024     December 31, 2023  
             
U.S. treasury securities   $ 3,873     $ -  
Marketable debt securities     1,204       -  
Short-term investments   $ 5,077     $ -  
SCHEDULE OF MARKETABLE SECURITIES

Marketable securities as of September 30, 2024 consisted of the following:

 

(in thousands)   Cost of Amortized Cost     Unrealized Gains     Unrealized Losses     Fair Value  
                         
Marketable debt securities                                
U.S. treasury securities   $ 3,789     $ 84     $ -     $ 3,873  
Corporate bonds     1,179       25       -       1,204  
Total marketable debt securities   $ 4,968     $ 109     $ -     $ 5,077  
SCHEDULE OF FAIR VALUE MEASUREMENT USING RECURRING BASIS

Financial instruments measured at fair value on a recurring basis as of September 30, 2024 are classified based on the valuation technique in the table below:

 

Fair Value Measurements Using 

 

(in thousands)   Quoted Prices in Active Markets for Identical Assets (Level 1)     Significant Other Observable Inputs (Level 2)     Significant Unobservable Inputs (Level 3)     Total  
                                 
Marketable debt securities                                
U.S. treasury securities   $ 3,873     $ -     $      -     $ 3,873  
Corporate bonds     -       1,204       -       1,204  
Total marketable debt securities   $ 3,873     $ 1,204     $ -     $ 5,077