Below is a summary of investments, which are measured at fair value as of June 30, 2025 (in thousands):


	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate bonds	$	2,427	$	2	$	(14	)	$	2,415
Government securities		38,543		109		-			38,652
Total	$	40,970	$	111	$	(14	)	$	41,067

Below is a summary of investments, which are measured at fair value as of December 31, 2024 (in thousands):


	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate bonds	$	4,249	$	1	$	(38	)	$	4,212
Government securities		36,003		258		-			36,261
Total	$	40,252	$	259	$	(38	)	$	40,473

The gross unrealized losses and fair values of available-for-sale investment securities that were in unrealized loss positions were as follows (in thousands):


	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
June 30, 2025
Corporate bonds	$	1,528	$	(7	)	$	718	$	(7	)	$	2,246	$	(14	)
Total	$	1,528	$	(7	)	$	718	$	(7	)	$	2,246	$	(14	)

	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
December 31, 2024
Corporate bonds	$	2,257	$	(19	)	$	1,043	$	(19	)	$	3,300	$	(38	)
Total	$	2,257	$	(19	)	$	1,043	$	(19	)	$	3,300	$	(38	)

The net realized gain recorded in connection with the investments for the three and six months ended June 30, 2025 was $0.001 million and $0.01 million, respectively, and was recorded as a component of interest income in the condensed consolidated statements of operations. The net realized gain recorded in connection with the investments for the three and six months ended June 30, 2024 was $0.03 million and $0.9 million, respectively, and was recorded as a component of interest income in the condensed consolidated statements of operations. Accrued interest of $0.04 million and $0.2 million is included in investments within the condensed consolidated balance sheets for the periods ended June 30, 2025 and 2024, respectively.

The Company does not intend to sell nor anticipate that it will be required to sell these investments before recovery of the amortized cost basis. As such, unrealized losses were determined not to be related to credit losses and the Company did not record any credit-related impairment losses on the available-for-sale investment securities during the three and six months ended June 30, 2025 and 2024.