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Fair Value Measurements and Short-Term Investments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

The following tables sets forth the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2023 and 2022:

			Fair Value Measurements as of December 31, 2023
			Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds			$	21,016					$	—					$	—					$	21,016
U.S. Government treasury bills			—						39,341						—						39,341
Short-term investments:
U.S. Government treasury bills			—						114,817						—						114,817
Total assets			$	21,016					$	154,158					$	—					$	175,174

			Fair Value Measurements as of December 31, 2022
			Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds			$	60,783					$	—					$	—					$	60,783
U.S. Government treasury bills			—						225,730						—						225,730
Total assets			$	60,783					$	225,730					$	—					$	286,513

Schedule of short-term investments

The following table sets forth the Company’s short-term investments as of December 31, 2023, which have a contractual maturity of less than one year:

						December 31, 2023
						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Credit Loss						Fair Value
Assets
U.S. Government treasury bills						$	114,781					$	36					$	—					$	—					$	114,817
Total						$	114,781					$	36					$	—					$	—					$	114,817

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

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