Margin Loan |
3 Months Ended |
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Mar. 31, 2026 | |
| Debt Disclosure [Abstract] | |
| Margin Loan |
Note 11: Margin Loan
As of March 31, 2026 and December 31, 2025, the Company had no outstanding margin loan balance. During the three months ended March 31, 2026, the Company borrowed an additional $2.6 million from its investment margin account and repaid $2.6 million primarily with cash received from maturities of marketable securities. The borrowed amounts were primarily used for operational costs. The interest rates for the borrowings fluctuate based on the Fed Funds Upper Target plus 0.60%. The weighted average interest rates were 0.15% and 0.20%, respectively, on average margin loan balances of $0.3 million and $0.2 million as of March 31, 2026 and December 31, 2025, respectively.
During the three months ended March 31, 2026 and March 31, 2025, the Company incurred interest expense on the loan of $1,875 and $1,806, respectively.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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