Company: AIP
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001667011-25-000022
Chunk: 9

Company: Arteris, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
,403 — 13,403 Corporate bonds12,912 7 12,919 U.S. treasury securities10,491 2 10,493 Total financial assets$52,109 $15 $52,124 As of December 31, 2024Amortized CostUnrealized GainsAggregate Fair ValueAssets: U.S. government agency securities$18,730 $16 $18,746 U.S. treasury securities11,752 1 11,753 Money market funds10,410 — 10,410 Corporate bonds8,157 5 8,162 Total financial assets$49,049 $22 $49,071 The maturity dates of the Company’s investments are as follows (in thousands):March 31, 2025Less than one year$39,345 1-2 years12,779 Total$52,124 

As of both March 31, 2025 and December 31, 2024, there were no securities in a continuous net unrealized loss position for more than 12 months. As of both March 31, 2025 and December 31, 2024, the unrealized losses for available-for-sale investments were non-credit related and the Company does not intend to sell the investments that were in an unrealized loss position, nor does it foresee or project that it will be required to sell those investments before recovery of their amortized costs basis, which may be at maturity. Thus, as of both March 31, 2025 and December 31, 2024 no allowance for credit losses or impairment losses for the Company’s investments were recorded. 

6.    FAIR VALUE MEASUREMENTS

Assets Measured and Recorded at Fair Value on a Non-Recurring BasisEquity method investments, and certain non-financial assets, such as intangible assets are remeasured at fair value only if an impairment or observable price adjustment is recognized in the current period.Financial Instruments Not Recorded at Fair Value on a Recurring BasisFinancial instruments not recorded at fair value on a recurring basis include vendor financing arrangements. The carrying value of the vendor financing agreements was $1.8 million and $2.1 million as of March 31, 2025 and December 31, 2024, respectively. The Company’s vendor financing arrangements are classified within Level 2 because these borrowings are not actively traded and have a variable interest