Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 256

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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ized 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 June 30, 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 $2.5 million and $2.1 million as of June 30, 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 rate structure based upon the Company’s incremental borrowing rate. The estimated fair values of these financial instruments approximate their carrying values.

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Financial Instruments Recorded at Fair Value on a Recurring BasisThe following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):As ofJune 30, 2025Level 1Level 2Level 3Fair ValueAssets:Cash equivalents:Money market funds$11,845 $— $— $11,845 U.S. treasury securities— 1,597 — 1,597 Total cash equivalents11,845 1,597 — 13,442 Short-term investments:Corporate bonds— 3,562 — 3,562 U.S. government agency securities— 12,796 — 12,796 U.S. treasury securities— 5,499 — 5,499 Total short-term investments— 21,857 — 21,857 Long-term investments:Corporate bonds— 15,073 — 15,073 U.S. government agency securities— 832 — 832 Total long-term investments— 15,905 — 15,905 Total financial assets$11,845 $39,359 $— $51,204 As