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Marketable Securities
 12 Months Ended
Dec. 31, 2024
Marketable Securities [Abstract]  
Marketable securities

3. Marketable Securities

The following is summary of marketable securities that the Company measures at fair value (in thousands):

 

 

Fair Value at December 31, 2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds(1)

 

$

6,877

 

 

$

-

 

 

$

-

 

 

$

6,877

 

Accrued income

 

 

25

 

 

 

-

 

 

 

-

 

 

 

25

 

Total money market funds

 

$

6,902

 

 

$

-

 

 

$

-

 

 

$

6,902

 

 

 

Fair Value at December 31, 2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Corporate bonds

 

$

-

 

 

$

412

 

 

$

-

 

 

$

412

 

Money market funds(1)

 

 

3,948

 

 

 

-

 

 

 

-

 

 

 

3,948

 

Accrued income

 

 

16

 

 

 

-

 

 

 

-

 

 

 

16

 

Total marketable securities

 

$

3,964

 

 

$

412

 

 

$

-

 

 

$

4,376

 

 

(1)
Money market funds are included in cash and cash equivalents in the balance sheets.

As of December 31, 2024 and 2023, the Company reported accrued interest receivable related to marketable securities and money market funds of less than $0.1 million. These amounts are recorded in other assets on the Balance Sheets and are not included in the carrying value of the marketable securities.

As of December 31, 2024 and 2023, the Company recorded no unrealized losses attributable to changes in marketable securities.

As of December 31, 2024 and 2023, the amortized cost of these securities was $0 and $0.4 million, respectively.