Quarterly report [Sections 13 or 15(d)]

Cash, Cash Equivalents, Restricted Cash and Marketable Debt Securities

v3.26.1
Cash, Cash Equivalents, Restricted Cash and Marketable Debt Securities
3 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
Cash, Cash Equivalents, Restricted Cash and Marketable Debt Securities

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

 

The Company considers all highly liquid financial instruments with original maturities of three months or less when purchased to be cash and cash equivalents and all investments with maturities of greater than three months from date of purchase are classified as marketable debt securities. Cash and cash equivalents consist of cash in bank checking and savings accounts, money market funds and short-term U.S. treasury bonds that mature within three months of settlement date.

 

Cash, Cash Equivalents and Restricted Cash

 

The Company presents restricted cash with cash and cash equivalents in the Condensed Consolidated Statements of Cash Flows. Restricted cash at March 31, 2026 and December 31, 2025 of $250 represents funds the Company is required to set aside as collateral, primarily for one of the Company’s operating leases.

 

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheets to the total of the amounts in the Condensed Consolidated Statements of Cash Flow as of March 31, 2026, December 31, 2025, March 31, 2025 and December 31, 2024:

 

 

    March 31,
2026
    December 31,
2025
    March 31,
2025
    December 31,
2024
 
Cash and cash equivalents   $ 2,398     $ 3,999     $ 6,924     $ 7,284  
Restricted cash included in current/non-current assets     250       250       250       250  
Cash, cash equivalents and restricted cash in the statement of cash flows   $ 2,648     $ 4,249     $ 7,174     $ 7,534