Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

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Marketable Securities
 3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities Marketable Securities
Marketable securities as of March 31, 2024 and December 31, 2023 consisted of the following:

March 31, 2024
Amortized Cost Unrealized Gain/(Loss) Fair Value
U.S. Treasury bills $ 36,415  $ —  $ 36,415 
Total marketable securities $ 36,415  $ —  $ 36,415 

December 31, 2023
Amortized Cost Unrealized Gain/(Loss) Fair Value
U.S. Treasury bills $ 51,289  $ —  $ 51,289 
Total marketable securities $ 51,289  $ —  $ 51,289 
Marketable securities at March 31, 2024 and December 31, 2023 are comprised solely of zero coupon U.S. treasury bills with maturities of greater than three months but less than one year that are classified as available-for-sale debt securities. The Company did not record any unrealized gains or losses on available-for-sale securities for each of the three months ended March 31, 2024 and 2023 as unrealized gains or losses were not material. The accretion of discounts on marketable securities is included in interest income on the condensed consolidated statements of operations and comprehensive income.