Company: ARTL
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001640334-25-000335
Chunk: 933

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 933
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, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 F-9Table of Contents

 The carrying amounts shown of the Company’s financial instruments including cash and cash equivalents and accounts payable approximate fair value due to the short-term maturities of these instruments. Set out below are the Company’s financial instruments that are required to be remeasured at fair value on a recurring basis in the fair value hierarchy as of December 31, 2024 and 2023:   December 31, 2024   Level 1  Level 2  Level 3  Total Marketable securities – trading securities            Commercial paper $-  $-  $-  $- Asset-backed securities  -   -   -   - Corporate debt  -   -   -   - U. S. Government instruments  -   -   -   -   $-  $-  $-  $-    December 31, 2023   Level 1  Level 2  Level 3  Total Marketable securities – trading securities            Commercial paper $-  $4,654  $-  $4,654 Asset-backed securities  -   974   -   974 Corporate debt  -   1,482   -   1,482 U. S. Government instruments  -   501   -   501   $-  $7,611  $-  $7,611  Stock-Based Compensation  The Company utilizes the Black-Scholes option pricing model to estimate the fair value of stock option awards at the date of grant, which requires the input of highly subjective assumptions, including expected volatility and expected life. Changes in these inputs and assumptions can materially affect the measure of estimated fair value of our share-based compensation. These assumptions are subjective and generally require significant analysis and judgment to develop. When estimating fair value, some of the assumptions will be based on, or determined from, external data and other assumptions may be derived from our historical experience with stock-based payment arrangements. The appropriate weight