Financial Instruments

12 Months Ended

Dec. 31, 2024

Investments, All Other Investments [Abstract]

Financial Instruments

4. Financial Instruments

The following table summarizes the Company’s cash and cash equivalents, amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant category reported as cash and cash equivalents and restricted cash as of December 31, 2024 and 2023:

	December 31, 2024
	Reported as:
(in thousands)	Cash and Cash Equivalents		Restricted Cash- current		Short-term Investments		Restricted Cash
Cash	$	969	$	-	$	-	$	-
Level 2
Money market funds		11,248		219		-		-
Subtotal		11,248		219		-		-
Total assets measured at fair value	$	12,217	$	219	$	-	$	-

	December 31, 2023
	Reported as:
(in thousands)	Cash and Cash Equivalents		Restricted Cash- current		Short-term Investments		Restricted Cash
Cash	$	2,122	$	-	$	-	$	-
Level 2
Money market funds		17,696		525		-		219
Subtotal		17,696		525		-		219
Total assets measured at fair value	$	19,818	$	525	$	-	$	219

Interest income recorded for these cash and investments was $0.7 million and $1.1 million during the years ended December 31, 2024, and December 31, 2023, respectively.

As of December 31, 2024 and 2023, the Company did not have any financial assets classified as Level 1.