Company: NSSC
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001558370-25-000601
Chunk: 24

Company: NAPCO SECURITY TECHNOLOGIES, INC
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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-term financial instruments approximate their fair value as of December 31, 2024 and June 30, 2024 due to their short-term maturities. Cash and Cash Equivalents and Investments – otherAll financial instruments purchased with an original maturity of three months or less at the time of purchase are considered cash equivalents. Such items may include liquid money market funds, certificate of deposit, U.S. treasury securities and time deposit accounts. Investments that are classified as cash equivalents are carried at cost, which approximates fair value. Certificate of deposits with an original maturity greater than three months are classified as Investments – other. Cash and cash equivalents include approximately $74,620,000 of short-term time deposits, consisting of money market funds totaling $72,095,000 and $2,525,000 of U.S. treasury securities as of December 31, 2024. Cash and cash equivalents include approximately $46,518,000 of short-term time deposits, consisting of certificates of deposit totaling $5,402,000 and $41,116,000 in a money market