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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Reconciliation of Cash and Cash Equivalents, and Restricted Cash Reported the Balance Sheet

The following table provides a summary of cash, cash equivalents and restricted cash reported within the balance sheets (in thousands):

 

 

December 31,

 

 

 

2023

 

 

2022

 

Cash and cash equivalents

 

$

16,233

 

 

$

74,266

 

Restricted cash

 

 

600

 

 

 

1,711

 

Total

 

$

16,833

 

 

$

75,977

 

Schedule of Short-Term Investments Held

The following tables summarize the short-term investments held (in thousands):

 

 

December 31, 2023

 

Amortized
Cost

 

 

Gross
Unrealized
Gains (Losses)

 

 

Estimated
Fair Value

 

U.S. treasury securities

$

149,129

 

 

$

158

 

 

$

149,287

 

Corporate debt securities

 

8,255

 

 

 

(3

)

 

 

8,252

 

Asset-backed securities

$

169

 

 

$

-

 

 

$

169

 

Total

$

157,553

 

 

$

155

 

 

$

157,708

 

 

 

December 31, 2022

 

 

Amortized
Cost

 

 

Gross
Unrealized
Losses

 

 

Estimated
Fair Value

 

U.S. treasury securities

$

62,776

 

 

$

(244

)

 

$

62,532

 

Corporate debt securities

 

102,020

 

 

 

(553

)

 

 

101,467

 

Asset-backed securities

$

6,351

 

 

$

(40

)

 

$

6,311

 

Total

$

171,147

 

 

$

(837

)

 

$

170,310

 

Schedule of Contractual Maturities of Available-for-Sale Debt Securities Held

The following table summarizes contractual maturities of available-for-sale securities held (in thousands):

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Due within one year

 

$

157,540

 

 

$

155,920

 

Due after one but within five years

 

 

168

 

 

 

14,390

 

Total

 

$

157,708

 

 

$

170,310