As of June 30, 2026, the Company had no marketable securities. As of December 31, 2025, marketable securities consisted of U.S. Government and agency debt securities as well as U.S. Treasury bills.


	December 31,
(in thousands)	2025

U.S. Government and agency debt securities	$	500
U.S. Treasury bills	4,481
Total	$	4,981

As of December 31, 2025, the amortized cost, gross unrealized gains, gross unrealized losses and fair value were as follows:


	December 31, 2025
(in thousands)	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
U.S. Government and agency debt securities	$	500	$	—	$	—	$	500
U.S. Treasury bills	4,479		2		—		4,481
Total	$	4,979	$	2	$	—	$	4,981

As of December 31, 2025, there were $5.0 million of marketable securities, which were in an unrealized gain position. The Company determined that unrealized gains and losses on marketable securities were primarily due to interest rate changes. No allowance for credit losses related to any of these marketable securities was recorded for the period ended December 31, 2025. All maturities are less than 12 months.