Investments in Securities

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Investments in Securities

11.

Investments in Securities

The cost and fair value of marketable securities are as follows:


	March 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Municipal bonds	$	8,023	$	—	$	(2	)	$	8,021


	December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Treasury bills	$	55,009	$	190	$	—		$	55,199
Municipal bonds		9,631		38		(351	)		9,318
Corporate/government bonds		479		33		—			512
Other bonds		478		34		—			512
	$	65,597	$	295	$	(351	)	$	65,541

The aggregated unrealized gain (loss) on available-for-sale debt securities in the amounts of $(2) and $(56) have been recognized in accumulated other comprehensive income (loss) in the Company’s condensed consolidated balance sheets (unaudited) as of March 31, 2025 and December 31, 2024, respectively.

11.

Investments in Securities

The cost and fair value of marketable securities are as follows:


		December 31, 2024
(in thousands)		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasury bills	$	55,009	$	190	$	—	$	55,199
Municipal bonds		9,631		38		(351)		9,318
Corporate/government bonds		479		33		—		512
Other bonds		478		34		—		512
	$	65,597	$	295	$	(351)	$	65,541


		December 31, 2023
(in thousands)		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasury bills	$	60,801	$	131	$	—	$	60,932
Municipal bonds		9,543		148		(404)		9,287
Corporate/government bonds		477		29		—		506
Other bonds		478		27		—		505
	$	71,299	$	335	$	(404)	$	71,230

The aggregated unrealized gain (loss) on available-for-sale debt securities in the amounts of $(56) and $(69) have been recognized in accumulated other comprehensive loss in the Company’s consolidated balance sheets as of December 31, 2024 and December 31, 2023, respectively.