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Cash, Cash Equivalents and Investments (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule 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 and investments measured at fair value on a recurring basis on our balance sheets (in thousands):

 

 

June 30, 2025

 

 

December 31, 2024

 

Cash and cash equivalents:

 

 

 

 

 

 

Cash

 

$

827

 

$

2,510

 

Money market funds

 

 

15,999

 

 

3,702

 

Total cash and cash equivalents

 

$

16,826

 

$

6,212

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

Government and agency notes

 

 

17,882

 

 

34,572

 

Total short-term investments

 

$

17,882

 

$

34,572

 

Schedule of Available-for-Sale Securities

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

 

 

Fair Value Measurements as of June 30, 2025

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Money market funds

 

$

15,999

 

$

 

$

 

$

15,999

 

Government and agency notes

 

 

17,883

 

 

0

 

 

(1

)

 

17,882

 

Total cash equivalents and investments

 

$

33,882

 

$

0

 

$

(1

)

$

33,881

 

 

 

 

 

 

 

 

 

 

 

 

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (original maturities within 90 days)

 

 

 

 

 

 

 

 

 

 

$

15,999

 

Short-term investments (maturities within one year)

 

 

 

 

 

 

 

 

 

 

 

17,882

 

Total cash equivalents and investments

 

 

 

 

 

 

 

 

 

 

$

33,881

 

 

 

Fair Value Measurements as of December 31, 2024

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Money market funds

 

$

3,702

 

 

$

 

 

$

 

 

$

3,702

 

Government and agency notes

 

 

34,503

 

 

 

69

 

 

 

 

 

 

34,572

 

Total cash equivalents and investments

 

$

38,205

 

 

$

69

 

 

$

 

 

$

38,274

 

 

 

 

 

 

 

 

 

 

 

 

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (original maturities within 90 days)

 

 

 

 

 

 

 

 

 

 

$

3,702

 

Short-term investments (maturities within one year)

 

 

 

 

 

 

 

 

 

 

 

34,572

 

Total

 

 

 

 

 

 

 

 

 

 

$

38,274