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INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring | The following tables set forth the fair value of the Company’s assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
| Level 1 |  | Level 2 |  | Level 3 |  | Total
December 31, 2024 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Marketable debt securities | $ | — |  |  | $ | 64,065 |  |  | $ | — |  |  | $ | 64,065 |
Marketable equity securities | 16,718 |  |  | 71 |  |  | — |  |  | 16,789 |
Total assets | $ | 16,718 |  |  | $ | 64,136 |  |  | $ | — |  |  | $ | 80,854 |
Liabilities |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  | $ | — |  |  | $ | 1,764 |  |  | $ | 1,764 |
December 31, 2023 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash equivalents(1) | $ | — |  |  | $ | 40,512 |  |  | $ | — |  |  | $ | 40,512 |
Marketable debt securities | — |  |  | 107,466 |  |  | — |  |  | 107,466 |
Marketable equity securities | 25,554 |  |  | 24 |  |  | — |  |  | 25,578 |
Total assets | $ | 25,554 |  |  | $ | 148,002 |  |  | $ | — |  |  | $ | 173,556 |
(1) Cash and cash equivalents are comprised of U.S. Treasury Bills, Government Agency Bonds, U.S. Non-Redeemable Term Deposits and mutual funds purchased within three months of their maturity date. Changes in Level 3 Fair Value Measurements The following table is a reconciliation of the beginning and ending balance recorded for the contingent consideration classified as Level 3 in the fair value hierarchy:
Beginning balance, August 16, 2024 | $ | 1,690 |
Increase to intellectual property | 74 |
Ending balance, December 31, 2024 | $ | 1,764 |
Investment | The following table is a summary of the Company's investments:
| December 31,
| 2024 |  | 2023
Investment in unconsolidated affiliate | $ | 12,921 |  |  | $ | — |
Investments without readily determinable fair values | 2,969 |  |  | 1,356 |
Total investments | $ | 15,890 |  |  | $ | 1,356 |

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
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