Annual report [Section 13 and 15(d), not S-K Item 405]

INVESTMENTS

INVESTMENTS

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

4. INVESTMENTS

The following table summarizes the Company’s investments as of December 31, 2024 (in thousands):


	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Losses		Fair Value

Debt Securities:
U.S. Treasury securities	$	9,452	$	15	$	-	$	9,467
U.S. government agency securities		22,075		18		-		22,093
Corporate debt securities		100,302		56		(54)		100,304
Total	$	131,829	$	89	$	(54)	$	131,864

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of December 31, 2024 (in thousands):


	Amortized Cost		Fair Value

Maturing in one year or less	$	126,870	$	126,930
Maturing after one year but less than three years		4,959		4,934
	$	131,829	$	131,864

The following table summarizes the Company’s investments as of December 31, 2023 (in thousands):


	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Losses		Fair Value

Debt Securities:
Corporate debt securities	$	7,182	$	1	$	(1)	$	7,182
Total	$	7,182	$	1	$	(1)	$	7,182

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of December 31, 2023 (in thousands):


	Amortized Cost		Fair Value

Maturing in one year or less	$	7,182	$	7,182
	$	7,182	$	7,182