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Investments - Available-for-Sale

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Investments available-for-sale consisted of the following as of March 31, 2025 and December 31, 2024 (table in thousands):


	March 31, 2025
	Amortized Cost		Unrealized Gain		Fair Value
Available-for-Sale Securities
Debt Securities	$	5,875	$	65	$	5,940


	December 31, 2024
	Amortized Cost		Unrealized Gain		Fair Value
Available-for-Sale Securities
Debt Securities	$	5,880	$	60	$	5,940

The fair value of investments available-for-sale are determined using quoted market prices from daily exchange-traded markets based on the closing price as of the balance sheet date and are classified as a Level 1 measurement under ASC 820, Fair Value Measurements.

During the three months ended March 31, 2025, the Company sold the investments outstanding as of December 31, 2024 for a realized gain of $0.1 million, which is included in realized gain on available-for-sale investments on the condensed consolidated statements of operations.

As of March 31, 2025, the Company's remaining available-for-sale securities are U.S. Department of the Treasury bonds and are all due within one year.