Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Fair Value Measurements

v3.22.2.2
Fair Value Measurements
6 Months Ended
Jun. 30, 2022
Fair Value Measurements [Abstract]  
FAIR VALUE MEASUREMENTS
NOTE 4:- FAIR VALUE MEASUREMENTS

 

The Company establishes the fair value of its assets and liabilities using the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company established a fair value hierarchy based on the inputs used to measure fair value. The three levels of the fair value hierarchy are as follows:

 

Level 1: Quoted prices in active markets for identical assets or liabilities.

 

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or

 

Level 3: Unobservable inputs in which little or no market data exists and are therefore determined using estimates and assumptions developed by the Company, which reflect those that a market participant would use.

 

In accordance with ASC 820 “Fair Value Measurements and Disclosures”, the Company measures its short-term investment at fair value. Short-term investments are classified within Level 1 as the valuation inputs are valuations based on quoted prices in active markets for identical assets that the Company has the ability to access. The company’s short-term investment consists of an equity investment in a publicly traded company.

 

The Company’s financial assets and liabilities measured at fair value on a recurring basis, consisted of the following types of instruments as of the following dates: instruments as of the following dates:

 

    June 30, 2022  
Description   Fair value     Level 1     Level 2     Level 3  
                         
Short-term equity investment   $ 39     $ 39     $
-
    $
-
 

 

    December 31, 2021  
Description   Fair value     Level 1     Level 2     Level 3  
                         
Short-term equity investment   $ 237     $ 237     $
-
    $
-