INVESTMENTS

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

NOTE 5. INVESTMENTS

The Company did not have any debt securities classified as available-for-sale investments at December 31, 2024 or 2023.

There were no material proceeds (including principal paydowns) or realized gains or losses from sales of debt securities available-for-sale for the years ended December 31, 2024 and 2023. The Company determines gains and losses on marketable securities based on specific identification of the securities sold. No material balances were reclassified out of accumulated other comprehensive loss and no losses on debt securities available-for-sale have been recognized in income for the years ended December 31, 2024 and 2023. As of December 31, 2024 and 2023, there were no debt securities available-for-sale in a material unrealized loss position.

Equity securities are comprised of investments in mutual funds. The fair value of equity securities at December 31, 2024 and 2023 were $1.2 million and $1.1 million, respectively. Unrealized losses or gains on equity securities recorded in income during the years ended December 31, 2024 and 2023 were as follows (in thousands):

	2024		2023
Unrealized gain on equity investments	$	65	$	114

These unrealized gains are recorded as a component of other income (expense), net. There were no realized gains or losses from equity securities during the years ended December 31, 2024 and 2023.

Additional information regarding the fair value of our financial instruments is included in Note 4, Fair Value of Financial Instruments.