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Cash, Cash Equivalents and Investments (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Cash, Cash Equivalents, and Short-Term Investments Measured at Fair Value on Recurring Basis

The following tables categorize the fair values of cash, cash equivalents, short-term investments and long-term investments measured at fair value on a recurring basis on our balance sheets (in thousands):

 

 

March 31, 2024

 

 

December 31, 2023

 

Cash and cash equivalents:

 

 

 

 

 

 

Cash

 

$

1,594

 

 

$

1,521

 

Money market funds

 

 

5,315

 

 

 

4,285

 

Government and agency notes

 

 

14,904

 

 

 

14,946

 

Total cash and cash equivalents

 

$

21,813

 

 

$

20,752

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

Certificates of deposit

 

$

490

 

 

$

729

 

Government and agency notes

 

 

45,520

 

 

 

53,578

 

Total short-term investments

 

$

46,010

 

 

$

54,307

 

Summary of Available-for-Sale Securities

The following table summarizes the available-for-sale securities (in thousands):

 

 

Fair Value Measurements as of March 31, 2024

 

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair Value

 

Money market funds

 

$

5,315

 

 

$

 

 

$

 

 

$

5,315

 

Certificates of Deposit

 

 

490

 

 

 

 

 

 

 

 

 

490

 

Government and agency notes

 

 

60,426

 

 

 

1

 

 

 

(3

)

 

 

60,424

 

Total cash equivalents and investments

 

$

66,231

 

 

$

1

 

 

$

(3

)

 

$

66,229

 

 

 

 

 

 

 

 

 

 

 

 

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (original maturities within 90 days)

 

 

 

 

 

 

 

 

 

 

$

20,219

 

Short-term investments (maturities within one year)

 

 

 

 

 

 

 

 

 

 

 

46,010

 

Total cash equivalents and investments

 

 

 

 

 

 

 

 

 

 

$

66,229

 

 

 

 

Fair Value Measurements as of December 31, 2023

 

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair Value

 

Money market funds

 

$

4,285

 

 

$

 

 

$

 

 

$

4,285

 

Certificates of Deposit

 

 

735

 

 

 

 

 

 

(6

)

 

 

729

 

Government and agency notes

 

 

68,528

 

 

 

13

 

 

 

(17

)

 

 

68,524

 

Total cash equivalents and investments

 

$

73,548

 

 

$

13

 

 

$

(23

)

 

$

73,538

 

 

 

 

 

 

 

 

 

 

 

 

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (original maturities within 90 days)

 

 

 

 

 

 

 

 

 

 

$

19,231

 

Short-term investments (maturities within one year)

 

 

 

 

 

 

 

 

 

 

 

54,307

 

Total

 

 

 

 

 

 

 

 

 

 

$

73,538