Company: NPWR-WT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001845437-25-000053
Chunk: 41

Company: NET Power Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 subsequent interim periods. Early adoption is permitted and the amendments should be applied on a prospective basis, although retrospective application is permitted. The Company is evaluating the impact the new accounting standard will have on its expense disclosures.

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Table of Contents

NOTE 3 — InvestmentsAs of June 30, 2025, the Company is only invested in available-for-sale securities. The Company’s $100 million certificate of deposit previously held by the Company matured and the interest receivable on the certificate of deposit was collected in June 2025. The following tables present the Company’s available-for-sale investments included in the condensed consolidated balance sheets:$ in thousandsJune 30, 2025Current assetsAmortized CostUnrealized Gain (Loss)Fair ValueCorporate bonds$18,462 $(1)$18,461 Commercial paper28,153 — 28,153 U.S. treasuries72,698 61 72,760 Total$119,313 $60 $119,374 Long-term assetsAmortized CostUnrealized GainFair ValueCorporate bonds$31,772 $64 $31,836 U.S. treasuries36,958 119 37,077 Total$68,730 $183 $68,913 $ in thousandsDecember 31, 2024Current assetsAmortized CostUnrealized GainFair ValueCorporate bonds$11,006 $15 $11,021 Commercial paper8,629 — 8,629 U.S. treasuries58,637 57 58,694 Total$78,272 $72 $78,344 Long-term assetsAmortized CostUnrealized GainFair ValueU.S. treasuries$22,538 $90 $22,628 Total$22,538 $90 $22,628 The cost of securities sold, if any, is based on the specific-identification method. During the three and six months ended June 30, 2025 and 2024, there were no securities sold. There were no credit losses recognized during the three and six months ended June 30, 2025 and 2024. The Company established no allowances for credit losses as of June 30, 2025 and December 31, 2024. The Company’s long-term available-for-sale investments mature through June 2027.

NOTE 4 — Fair Value MeasurementsThe following table presents the