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Available-for-Sale Securities
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Available-for-Sale Securities

4. Available-for-Sale Securities

A summary of the Company's available-for-sale securities is presented below:

 

 

 

March 31, 2025

 

Description

 

Amortized
Cost

 

 

 

Gross
Unrealized
Gain

 

 

Gross Unrealized Loss

 

 

Fair
Value

 

Treasury bills maturing in one year or less

 

$

12,326

 

 

 

$

 

 

$

 

 

$

12,326

 

Government bonds maturing in one year or less

 

 

83,961

 

 

 

 

6

 

 

 

(4

)

 

$

83,963

 

Total available-for-sale securities

 

$

96,287

 

 

 

$

6

 

 

$

(4

)

 

$

96,289

 

 

 

 

December 31, 2024

 

Description

 

Amortized
Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair
Value

 

Treasury bills maturing in one year or less

 

$

27,879

 

 

$

16

 

 

$

 

 

$

27,895

 

Government bonds maturing in one year or less

 

 

40,759

 

 

 

31

 

 

 

 

 

 

40,790

 

Total available-for sale securities

 

$

68,638

 

 

$

47

 

 

$

 

 

$

68,685

 

 

The weighted average contractual maturity of the Company’s available-for-sale securities was approximately 0.7 years and 0.5 years as of March 31, 2025 and December 31, 2024, respectively.