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Investments (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments

Below is a summary of investments, which are measured at fair value as of September 30, 2025 (in thousands):

 

 

 

Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Corporate bonds

 

$

1,480

 

 

$

-

 

 

$

(10

)

 

$

1,470

 

Government securities

 

 

40,091

 

 

 

285

 

 

 

-

 

 

 

40,376

 

Total

 

$

41,571

 

 

$

285

 

 

$

(10

)

 

$

41,846

 

Below is a summary of investments, which are measured at fair value as of December 31, 2024 (in thousands):

 

 

 

Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

 

Corporate bonds

 

$

4,249

 

 

$

1

 

 

$

(38

)

 

$

4,212

 

 

Government securities

 

 

36,003

 

 

 

258

 

 

 

-

 

 

 

36,261

 

 

Total

 

$

40,252

 

 

$

259

 

 

$

(38

)

 

$

40,473

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Gross Unrealized Losses and Fair Values of Available-for-sale Investment Securities that were in Unrealized Loss Positions

The gross unrealized losses and fair values of available-for-sale investment securities that were in unrealized loss positions were as follows (in thousands):

 

 

 

Less Than 12 Months

 

 

12 Months or More

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

As of September 30, 2025

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

762

 

 

$

(4

)

 

$

708

 

 

$

(6

)

 

$

1,470

 

 

$

(10

)

Total

 

$

762

 

 

$

(4

)

 

$

708

 

 

$

(6

)

 

$

1,470

 

 

$

(10

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less Than 12 Months

 

 

12 Months or More

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

December 31, 2024

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

2,257

 

 

$

(19

)

 

$

1,043

 

 

$

(19

)

 

$

3,300

 

 

$

(38

)

Total

 

$

2,257

 

 

$

(19

)

 

$

1,043

 

 

$

(19

)

 

$

3,300

 

 

$

(38

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Contractual Maturities of Available-for-sale Investment Securities

As of September 30, 2025, the contractual maturities of available-for-sale investment securities were as follows (in thousands):

 

 

 

Amortized Cost

 

 

Fair Value

 

Due in one year or less

 

$

40,857

 

 

$

41,138

 

Due after one year through five years

 

$

714

 

 

$

708

 

Total

 

$

41,571

 

 

$

41,846