Short-term investments

9 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Short-term investments

Note 5. Short-term investments

Short-term investments consist of U.S. Treasury Bills that have maturities exceeding three months and less than twelve months at the time of purchase and are stated at amortized cost. The Company classifies short-term investments as held-to-maturity based on the Company’s intent to hold the short-term investment to maturity. The Company does not hold any short-term investments as of September 30, 2025. The Company’s short-term investments are summarized below (in thousands):

December 31, 2024
Expiration			Amortized Cost			Cost Basis			Accumulated Accretion			Fair Value
1/31/2025			$4,243			$4,177			$66			$4,243
2/28/2025			4,163			4,149			14			4,163
3/31/2025			4,202			4,167			35			4,202
4/15/2025			4,147			4,128			19			4,147
Total			$16,755			$16,621			$134			$16,755