Annual report [Section 13 and 15(d), not S-K Item 405]

Investments

v3.25.1
Investments
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Investments

Note 5. Investments

Available-for-sale Investments

There were no available-for-sale investments as of December 31, 2024. Investments sold during the year ending December 31, 2024, had a realized loss of less than $0.1 million. The following table summarizes the Company’s AFS investments as of December 31, 2023. These are classified as “Short-term investments” on the consolidated balance sheets.

 

 

 

December 31, 2023

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair Value

 

 

 

(In thousands)

 

Corporate bonds

 

 

6,717

 

 

 

—

 

 

 

(96

)

 

 

6,621

 

Total available-for-sale investments

 

$

6,717

 

 

$

—

 

 

$

(96

)

 

$

6,621

 

 

The following table presents the breakdown of the AFS investments in an unrealized loss position as of December 31, 2023.

 

 

 

December 31, 2023

 

 

 

Fair Value

 

 

Gross
Unrealized
Loss

 

 

 

 

 

Corporate bonds

 

 

 

 

 

 

Less than 12 months

 

$

—

 

 

$

—

 

12 months or longer

 

$

6,621

 

 

$

(96

)

Total

 

$

6,621

 

 

$

(96

)

 

There were no material realized gains or losses on AFS investments for the year ended December 31, 2023.