Company: PDEX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001079973-25-001655
Chunk: 3

Company: PRO DEX INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 3
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 the lowest level of input that is significant to the fair value measurement. Our assessment of a
particular input to the fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels.

We
have categorized our cash equivalents and investments within the fair value hierarchy as follows:

Level
1 – applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
These Level 1 assets include our money market accounts, which are classified as cash equivalents. We have categorized our cash equivalents
as Level 1 assets as there are quoted prices in active markets for identical assets or liabilities.

Level
2 – applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset
or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities
in markets with insufficient transactions (less active markets); or model-derived valuations in which significant inputs are observable
or can be derived principally from, or corroborated by observable market data. At September 30, 2025 and June 30, 2025, we categorized
our investments in marketable equity securities as Level 2 assets. At September 30, 2025, our investment in Monogram Technologies,
Inc. (“Monogram”) was valued at the cash price received in October 2025, upon its acquisition by Zimmer Biomet Holdings, Inc.
(“Zimmer Biomet”) described below.

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. We held no Level 3 assets or liabilities at September 30, 2025 or June
30, 2025.

    Schedule of fair value, assets and liabilities 

    Fair
    Value Measurement at September 30, 2025 

    Level
    1  
    Level
    2  
    Level
    3  
    Total 

    Financial Assets: 

        Cash equivalents 
    $33  
    $—  
    $—  
    $33 
  
        Marketable equity securities – short-term	 
     —  
     10,038  
     —  
     10,038 
  
        Marketable equity securities – long-term	 
     —  
     149  
     —