Quarterly report [Sections 13 or 15(d)]

Basis of Presentation and Significant Accounting Policies (Tables)

v3.25.2
Basis of Presentation and Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Basis of Presentation and Significant Accounting Policies  
Schedule of cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated statements of cash flows (in thousands):

June 30, 

December 31, 

2025

2024

Unrestricted cash

$

6,992

$

8,983

Unrestricted cash equivalents

68,068

92,671

Total unrestricted cash and cash equivalents

$

75,060

$

101,654

Short-term restricted cash

80

1,330

Long-term restricted cash

3,345

3,432

Total restricted cash

$

3,425

$

4,762

Total unrestricted and restricted cash and cash equivalents

$

78,485

$

106,416

Schedule of cash equivalents classified as available-for-sale debt securities

Cash equivalents classified as available-for-sale debt securities consisted of the following (in thousands):

June 30, 2025

Amortized

Unrealized

Unrealized

Estimated Fair

Cost Basis

Gains

Losses

Value

U.S. treasury bills

$

25,812

$

122

$

$

25,934

Total debt securities

$

25,812

$

122

$

$

25,934

December 31, 2024

Amortized

Unrealized

Unrealized

Estimated Fair

Cost Basis

Gains

Losses

Value

U.S. treasury bills

$

20,294

$

73

$

$

20,367

Total debt securities

$

20,294

$

73

$

$

20,367