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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table sets forth the fair value of the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy:

 

December 31, 2025

 

December 31, 2024

(in thousands)

Level 1

 

Level 2

 

Level 3

 

Total

 

Level 1

 

Level 2

 

Level 3

 

Total

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

25,322

 

$

 

$

 

$

25,322

 

$

10,000

 

$

 

$

 

$

10,000

Schedule of Financial Instruments Not Measured on Recurring Basis

The Company's financial instruments not measured at fair value on a recurring basis were as follows:

 

December 31, 2025

 

December 31, 2024

Carrying

 

Fair Value

 

Carrying

 

Fair Value

(in thousands)

Value

 

Level 1

 

Level 2

 

Level 3

 

Value

 

Level 1

 

Level 2

 

Level 3

Long-term debt

$

112,084

 

$

 

$

112,084

 

$

 

$

114,278

 

$

 

$

114,278

 

$