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SHORT-TERM INVESTMENTS | 12 Months Ended
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Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
SHORT-TERM INVESTMENTS | NOTE 3 – SHORT-TERM INVESTMENTS The following table provides a summary of the short-term investments (in thousands): SCHEDULE OF AVAILABLE FOR SALE SHORT-TERM INVESTMENTS
|  | December 31, 2024 |
|  | Amortized Cost |  |  | Gross Unrealized Gain |  |  | Gross Unrealized Loss |  |  | Fair Value |
Available-for-sale, short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  | $ | 23,990 |  |  |  | — |  |  |  | (22 | ) |  | $ | 23,968 |
U.S. federal agency securities |  |  | 40,365 |  |  |  | 10 |  |  |  | — |  |  |  | 40,375 |
Certificates of deposit |  |  | 10,000 |  |  |  | 20 |  |  |  | — |  |  |  | 10,020 |
Total available-for-sale, short-term investments |  | $ | 74,355 |  |  |  | 30 |  |  |  | (22 | ) |  | $ | 74,363 |
|  | December 31, 2023 |
|  | Amortized Cost |  |  | Gross Unrealized Gain |  |  | Gross Unrealized Loss |  |  | Fair Value |
Available-for-sale, short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities |  | $ | 8,406 |  |  |  | — |  |  |  | (13 | ) |  | $ | 8,393 |
U.S. federal agency securities |  |  | 29,413 |  |  |  | — |  |  |  | (53 | ) |  |  | 29,360 |
Total available-for-sale, short-term investments |  | $ | 37,819 |  |  |  | — |  |  |  | (66 | ) |  | $ | 37,753 |
As of December 31, 2024, the available-for-sale securities classified as short-term investments mature in one year or less. The Company carries its available-for-sale securities at fair value in the consolidated balance sheets. Unrealized losses on available-for-sale securities as of December 31, 2024, were not significant and were primarily due to changes in interest rates, including market credit spreads, and not due to increased credit risks associated with specific securities. None of the short-term investments have been in a continuous unrealized loss position for more than 12 months. Accordingly, no other-than-temporary impairment was recorded for the year ended December 31, 2024. There were no significant realized gains or losses recognized on the sale or maturity of available-for-sale investments during the years ended December 31, 2024 or 2023.

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