| Summary of Cash Equivalents and Available-for-sale Securities Carrying Amounts and Fair Values |
The following tables show the Company’s cash equivalents and available-for-sale securities’ carrying amounts and fair values as of June 30, 2026, and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2026 |
|
|
|
Carrying
Amount |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair
Value |
|
|
Quoted
priced in
active
markets
(Level 1) |
|
|
Significant
other
observable
inputs
(Level 2) |
|
|
Significant
unobservable
inputs
(Level 3) |
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
12,436 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,436 |
|
|
$ |
12,436 |
|
|
$ |
— |
|
|
$ |
— |
|
Corporate securities |
|
|
44,867 |
|
|
|
— |
|
|
|
(65 |
) |
|
|
44,802 |
|
|
|
— |
|
|
|
44,802 |
|
|
|
— |
|
Government securities |
|
|
22,186 |
|
|
|
1 |
|
|
|
(27 |
) |
|
|
22,160 |
|
|
|
22,160 |
|
|
|
— |
|
|
|
— |
|
Total financial assets |
|
$ |
79,489 |
|
|
$ |
1 |
|
|
$ |
(92 |
) |
|
$ |
79,398 |
|
|
$ |
34,596 |
|
|
$ |
44,802 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
|
Carrying
Amount |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair
Value |
|
|
Quoted
Priced in
Active
Markets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
29,909 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29,909 |
|
|
$ |
29,909 |
|
|
$ |
— |
|
|
$ |
— |
|
Corporate securities |
|
|
30,636 |
|
|
|
12 |
|
|
|
(4 |
) |
|
|
30,644 |
|
|
|
— |
|
|
|
30,644 |
|
|
|
— |
|
Government securities |
|
|
52,229 |
|
|
|
68 |
|
|
|
— |
|
|
|
52,297 |
|
|
|
52,297 |
|
|
|
— |
|
|
|
— |
|
Total financial assets |
|
$ |
112,774 |
|
|
$ |
80 |
|
|
$ |
(4 |
) |
|
$ |
112,850 |
|
|
$ |
82,206 |
|
|
$ |
30,644 |
|
|
$ |
— |
|
|