| Marketable securities |
Note 4. Marketable securities
Marketable securities consisted of the following:
| | |
As of June 30, 2025 | |
| | |
Amortized
cost | | |
Gross
unrealized
gains | | |
Gross
unrealized
losses | | |
Fair value | |
| | |
(Unaudited) | |
| Corporate bond | |
$ | 83,335 | | |
$ | 144 | | |
$ | (24 | ) | |
$ | 83,455 | |
| Agency bond | |
| 57,546 | | |
| 23 | | |
| (43 | ) | |
| 57,526 | |
| Treasury bills | |
| 24,846 | | |
| — | | |
| (14 | ) | |
| 24,832 | |
| US Government bond | |
| 66,622 | | |
| 142 | | |
| (8 | ) | |
| 66,756 | |
| Total | |
$ | 232,349 | | |
$ | 309 | | |
$ | (89 | ) | |
$ | 232,569 | |
| | |
As of December 31, 2024 | |
| | |
Amortized
cost | | |
Gross
unrealized
gains | | |
Gross
unrealized
losses | | |
Fair value | |
| Corporate bond | |
$ | 50,543 | | |
$ | 73 | | |
$ | (6 | ) | |
$ | 50,610 | |
| Agency bond | |
| 60,575 | | |
| 121 | | |
| (59 | ) | |
| 60,637 | |
| Treasury bills | |
| 972 | | |
| — | | |
| (3 | ) | |
| 969 | |
| US Government bond | |
| 26,177 | | |
| 48 | | |
| (22 | ) | |
| 26,203 | |
| Total | |
$ | 138,267 | | |
$ | 242 | | |
$ | (90 | ) | |
$ | 138,419 | |
As of June 30,
2025 and December 31, 2024, no continuous unrealized losses for twelve months
or greater were identified.
The following table summarizes the Company’s
marketable securities by contractual maturities:
| | |
June 30,
2025 | | |
December 31,
2024 | |
| | |
(Unaudited) | | |
| |
| Due in 1 year or less | |
$ | 146,908 | | |
$ | 101,818 | |
| Due in 1 year through 2 years | |
| 85,661 | | |
| 36,601 | |
| Total | |
$ | 232,569 | | |
$ | 138,419 | |
|