Company: AWRE
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000950170-25-101395
Chunk: 13

Company: AWARE INC /MA/
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 13
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 $0.3 million.  Note 3 – Fair Value MeasurementsThe FASB Codification defines fair value and establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.  The three levels of the fair value hierarchy under the FASB Codification are: Level 1 – valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Level 2 – valuations that are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly; and Level 3 – valuations that require inputs that are both significant to the fair value measurement and unobservable.Cash and cash equivalents, which primarily include money market mutual funds were $7.3 million and $13.0 million as of June 30, 2025 and December 31, 2024, respectively.  Marketable securities, which consists of U.S. Treasuries, were $16.4 million and $14.9 million as of June 30, 2025 and December 31, 2024, respectively.  Our assets and liabilities that are measured at fair value on a recurring basis included the following (in thousands): 

         Fair Value Measurement at June 30, 2025 Using:

         QuotedPrices inActiveMarkets forIdenticalAssets

         SignificantOtherObservableInputs

         SignificantUnobservableInputs

         Total

         (Level 1)

         (Level 2)

         (Level 3)

         Assets

         Money market funds (included in   cash and cash equivalents)
          
         $
         6,669

         $
         —

         $
         —

         $
         6,669

         Marketable securities

         16,379

         —

         —

         16,379

         Total assets
          
         $
         23,048

         $
         —

         $
         —

         $
         23,048

         Fair Value Measurement at December 31,2024 Using:

         QuotedPrices inActiveMarkets forIdenticalAssets

         SignificantOtherObservableInputs

         SignificantUnobservableInputs

         Total

         (Level 1)

         (Level 2)

         (Level 3)

         Assets

           Money market funds (included in   cash and cash equivalents)
          
         $
         10,671

         $