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FAIR VALUE MEASUREMENT
12 Months Ended
Dec. 31, 2024
FAIR VALUE MEASUREMENT  
FAIR VALUE MEASUREMENT
5.FAIR VALUE MEASUREMENT

The Company holds funds in a money market account, which are considered Level 1 assets. The Company values its money market funds at fair value on a recurring basis.

As of December 31, 2024 and 2023, the fair value of the Company’s money market funds was $38,344 and $46,268, respectively.

There have been no transfers between Level 1, Level 2 and Level 3 in the periods presented. The Company did not have any Level 2 or Level 3 financial assets or liabilities in the periods presented.