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INVESTMENTS | 3 Months Ended
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Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
INVESTMENTS | INVESTMENTS The following tables summarize the fair value and amortized cost of the Company’s cash equivalents and available-for-sale securities by major security type (in thousands):
| As of March 31, 2025
| Amortized Cost |  | Unrealized Gains |  | Aggregate Fair Value
Assets: |  |  |  |  |
U.S. government agency securities | $ | 15,303 |  |  | $ | 6 |  |  | $ | 15,309 |
Money market funds | 13,403 |  |  | — |  |  | 13,403 |
Corporate bonds | 12,912 |  |  | 7 |  |  | 12,919 |
U.S. treasury securities | 10,491 |  |  | 2 |  |  | 10,493 |
Total financial assets | $ | 52,109 |  |  | $ | 15 |  |  | $ | 52,124 |
| As of December 31, 2024
| Amortized Cost |  | Unrealized Gains |  | Aggregate Fair Value
Assets: |  |  |  |  |
U.S. government agency securities | $ | 18,730 |  |  | $ | 16 |  |  | $ | 18,746 |
U.S. treasury securities | 11,752 |  |  | 1 |  |  | 11,753 |
Money market funds | 10,410 |  |  | — |  |  | 10,410 |
Corporate bonds | 8,157 |  |  | 5 |  |  | 8,162 |
Total financial assets | $ | 49,049 |  |  | $ | 22 |  |  | $ | 49,071 |
The maturity dates of the Company’s investments are as follows (in thousands):
| March 31, 2025
Less than one year | $ | 39,345 |
1-2 years | 12,779 |
Total | $ | 52,124 |
As of both March 31, 2025 and December 31, 2024, there were no securities in a continuous net unrealized loss position for more than 12 months. As of both March 31, 2025 and December 31, 2024, the unrealized losses for available-for-sale investments were non-credit related and the Company does not intend to sell the investments that were in an unrealized loss position, nor does it foresee or project that it will be required to sell those investments before recovery of their amortized costs basis, which may be at maturity. Thus, as of both March 31, 2025 and December 31, 2024 no allowance for credit losses or impairment losses for the Company’s investments were recorded.

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