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CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | 6 Months Ended
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Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Short-term investments include investments in U.S. treasury notes. Short-term investments with original maturities of approximately three months or less from the date of purchase are classified within cash and cash equivalents. Debt investments with original maturities at the date of purchase greater than approximately three months but less than one year are classified as short-term investments, as they represent the investment of cash available for current operations. All short-term investments that the Company holds are classified as "held-to-maturity". The Company has accounted for and disclosed the purchase of its short-term investments in accordance with ASC 320, Investments - Debt Securities. The following table summarizes the fair value of cash and cash equivalents, and short-term investments as well as any gross unrealized holding gains and losses as of June 30, 2024 and December 31, 2023. Due to the nature of these assets and the short-term nature of the U.S. treasury notes being held to maturity, both these cash and cash equivalents and short-term investments fall under the Level 1 fair value hierarchy as referenced in Note 2.
| As of June 30, 2024
Amortized cost |  | Gross unrealized holding gains |  | Gross unrealized holding losses |  | Estimated fair value
Cash and cash equivalents | $ | 7,260 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,260 |
U.S. treasury notes | — |  | — |  |  | — |  |  | —
Total cash, cash equivalents and short-term investments | $ | 7,260 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,260 |
| As of December 31, 2023
Amortized cost |  | Gross unrealized holding gains |  | Gross unrealized holding losses |  | Estimated fair value
Cash and cash equivalents | $ | 3,980 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,980 |
U.S. treasury notes (1) | 5,000 |  | — |  |  | — |  |  | 5,000
Total cash, cash equivalents and short-term investments | $ | 8,980 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,980 |
(1) These U.S. treasury notes are classified as "held-to-maturity" as they were purchased in August 2023 and matured in January 2024. The Company did not hold any securities that were in an unrealized loss position for more than 12 months as of June 30, 2024. There were no material realized gains or losses on these specific short-term investments during the three months ended June 30, 2024.

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- Definition The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent + Details
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