Quarterly report [Sections 13 or 15(d)]

Basis of Presentation and Significant Accounting Policies (Tables)

v3.25.1
Basis of Presentation and Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 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):

March 31, 

December 31, 

2025

2024

Unrestricted cash

$

5,832

$

8,983

Unrestricted cash equivalents

84,433

92,671

Total unrestricted cash and cash equivalents

$

90,265

$

101,654

Short-term restricted cash

1,410

1,330

Long-term restricted cash

3,352

3,432

Total restricted cash

$

4,762

$

4,762

Total unrestricted and restricted cash and cash equivalents

$

95,027

$

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):

March 31, 2025

Amortized

Unrealized

Unrealized

Estimated Fair

Cost Basis

Gains

Losses

Value

U.S. treasury bills

$

25,556

$

118

$

$

25,674

Total debt securities

$

25,556

$

118

$

$

25,674

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