| Cash, Cash Equivalents, and Marketable Securities |
4. Cash, Cash Equivalents, and Marketable Securities The following table provides details regarding the Company’s portfolio of cash and cash equivalents: | | | | | | | | | | | | | | | Cost or | | | | | | | | | | (in thousands) | | Amortized cost | | Unrealized gains | | Unrealized losses | | Fair value | December 31, 2025: | | | | | | | | | | | | | Cash accounts in banking institutions | | $ | 2,500 | | $ | — | | $ | — | | $ | 2,500 | Money market funds | | | 43,803 | | | — | | | — | | | 43,803 | Total | | $ | 46,303 | | $ | — | | $ | — | | $ | 46,303 | | | | | | | | | | | | | | December 31, 2024: | | | | | | | | | | | | | Cash accounts in banking institutions | | $ | 3,527 | | $ | — | | $ | — | | $ | 3,527 | Money market funds | | | 29,058 | | | — | | | — | | | 29,058 | Commercial paper | | | 4,988 | | | — | | | — | | | 4,988 | Total | | $ | 37,573 | | $ | — | | $ | — | | $ | 37,573 |
The following table provides details regarding the Company’s portfolio of marketable securities: | | | | | | | | | | | | | (in thousands) | | Amortized cost | | Unrealized gains | | Unrealized losses | | Fair value | December 31, 2025: | | | | | | | | | | | | | Certificates of deposit | | $ | — | | $ | — | | $ | — | | $ | — | Commercial paper | | | — | | | — | | | — | | | — | Corporate debt securities | | | — | | | — | | | — | | | — | U.S. government securities | | | — | | | — | | | — | | | — | Total | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | December 31, 2024: | | | | | | | | | | | | | Certificates of deposit | | $ | 5,970 | | $ | 1 | | $ | — | | $ | 5,971 | Commercial paper | | | 25,433 | | | 6 | | | — | | | 25,439 | Corporate debt securities | | | 1,864 | | | 1 | | | — | | | 1,865 | U.S. government securities | | | 5,908 | | | 1 | | | (1) | | | 5,908 | Total | | $ | 39,175 | | $ | 9 | | $ | (1) | | $ | 39,183 |
As of December 31, 2025, all of the Company’s marketable securities matured and the proceeds were invested into money market funds, which are included in cash and cash equivalents on the Company’s balance sheet.
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