Note 4 – Cash, Cash Equivalents, Restricted Cash and Marketable Debt Securities

Cash, Cash Equivalents and Restricted Cash

The Company presents restricted cash with cash and cash equivalents in the Consolidated Statements of Cash Flows. Restricted cash at December 31, 2025 and 2024 of $250 represents funds the Company is required to set aside as collateral, primarily for one of the Company’s operating leases and other purposes.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the amounts in the Consolidated Statements of Cash Flows as of December 31, 2025, December 31, 2024 and December 31, 2023:

 Schedule of Cash, Cash Equivalents and Restricted Cash

Marketable Debt Securities

The Company classified its investments in marketable debt securities as available-for-sale and as a current asset. The Company’s investments in marketable debt securities were carried at fair value, with unrealized gains and losses included as a separate component of stockholders’ equity. Unrealized losses and gains were classified as other comprehensive (loss)/income and costs are determined on a specific identification basis. Realized gains and losses from marketable debt securities are recorded in other income, net. The Company did not incur any realized gains and losses during the years ended December 31, 2025 and 2024. For the years ended December 31, 2025 and 2024, the Company recorded unrealized gains of $0 and $221, respectively.

The Company did not own any marketable debt securities at December 31, 2025 and 2024.