Quarterly report [Sections 13 or 15(d)]

INVESTMENTS (Tables)

INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

The following table summarizes the Company’s investments as of March 31, 2025 (in thousands):


	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Losses			Fair Value

Debt Securities:
U.S. Treasury securities	$	7,528	$	13	$	-		$	7,541
U.S. government agency securities		17,669		12		(1	)		17,680
Commercial paper		4,404		-		-			4,404
Corporate debt securities		84,308		23		(69	)		84,262
Total	$	113,909	$	48	$	(70	)	$	113,887

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

SCHEDULE OF AVAILABLE FOR SALE DEBT SECURITIES BY CONTRACTUAL MATURITY

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 March 31, 2025 (in thousands):


	Amortized Cost		Fair Value

Maturing in one year or less	$	103,660	$	103,656
Maturing after one year but less than three years		10,249		10,231
	$	113,909	$	113,887

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