The following tables summarize the fair value and amortized cost of the Company’s cash equivalents and available-for-sale securities by major security type (in thousands):


	As of December 31, 2024
	Amortized Cost		Unrealized Gains		Aggregate Fair Value
Assets:
U.S. government agency securities	$	18,730	$	16	$	18,746
U.S. treasury securities	11,752		1		11,753
Money market funds	10,410		—		10,410
Corporate bonds	8,157		5		8,162
Total financial assets	$	49,049	$	22	$	49,071


	As of December 31, 2023
	Amortized Cost		Unrealized Gains (Losses)		Aggregate Fair Value
Assets:
U.S. government agency securities	$	19,461	$	29	$	19,490
U.S. treasury securities	10,630		3		10,633
Money market funds	8,026		—		8,026
Corporate bonds	5,649		9		5,658
Certificate of deposit	5,000		—		5,000
Commercial paper	990		(1)		989
Total financial assets	$	49,756	$	40	$	49,796

As of December 31, 2024, there were no securities in a continuous net unrealized loss position for more than 12 months. As of December 31, 2023, securities with a fair value of $3.7 million were in a continuous net unrealized loss position for more than 12 months. As of both December 31, 2024, and 2023, the unrealized losses for available-for-sale investments were non-credit related and the Company does not intend to sell the investments that were in an unrealized loss position, nor does it foresee or project that it will be required to sell those investments before recovery of their amortized costs basis, which may be at maturity. Thus, as of both December 31, 2024, and 2023 no allowance for credit losses or impairment losses for the Company’s investments were recorded.