Short-Term Investments

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Short-Term Investments

4. Short-Term Investments

Short-term investments consisted of the following:

	March 31, 2025
Description	Maturity	Amortized Costs		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. Treasury securities	1 year or less	$	28,817	$	10	$	—		$	28,827
U.S. government agency debt securities	1 year or less		30,097		9		(3	)		30,103
		$	58,914	$	19	$	(3	)	$	58,930

	December 31, 2024
Description	Maturity	Amortized Costs		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. Treasury securities	1 year or less	$	52,408	$	52	$	—		$	52,460
U.S. government agency debt securities	1 year or less		39,506		42		(2	)	$	39,546
		$	91,914	$	94	$	(2	)	$	92,006

The Company did not have any investments in a continuous unrealized loss position for more than 12 months as of March 31, 2025. As of March 31, 2025, the Company believes that the cost basis of its available-for-sale securities is recoverable, and the Company has the intent and ability to hold its available-for-sale securities until recovery. Therefore, no allowance for credit losses was recorded.