XML 46 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Company's Financial Instruments by Significant Investment Category Measured at Fair Value on a Recurring Basis Within the Fair Value Hierarchy

The following tables summarize the Company's financial instruments by significant investment category measured at fair value on a recurring basis within the fair value hierarchy (in thousands):

 

 

 

 

 

 

Fair Value Measurements At Reporting Date Using

 

 

 

Total

 

 

Quoted Prices in Active Markets For Identical Assets (Level 1)

 

 

Significant Other Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

As of December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

35,385

 

 

$

35,385

 

 

$

 

 

$

 

Total cash and cash equivalents

 

$

35,385

 

 

$

35,385

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

63,191

 

 

$

 

 

$

63,191

 

 

$

 

Total short-term investments

 

$

63,191

 

 

$

 

 

$

63,191

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets measured at fair value

 

$

98,576

 

 

$

35,385

 

 

$

63,191

 

 

$

 

 

 

 

 

 

 

Fair Value Measurements At Reporting Date Using

 

 

 

Total

 

 

Quoted Prices in Active Markets For Identical Assets (Level 1)

 

 

Significant Other Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

As of December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

53,894

 

 

$

53,894

 

 

$

 

 

$

 

Total cash and cash equivalents

 

$

53,894

 

 

$

53,894

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

84,475

 

 

$

84,475

 

 

$

 

 

$

 

Total short-term investments

 

$

84,475

 

 

$

84,475

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets measured at fair value

 

$

138,369

 

 

$

138,369

 

 

$

 

 

$

 

Schedule of Available-for-Sale Securities Reconciliation

The following table summarizes available-for-sale-securities (in thousands):

 

 

 

 

 

 

 

 

As of December 31, 2023

 

 

 

Maturity (in years)

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

 

$

35,385

 

 

$

 

 

$

 

 

$

35,385

 

Total cash and cash equivalents

 

 

 

$

35,385

 

 

$

 

 

$

 

 

$

35,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

1 or less

 

$

63,169

 

 

$

22

 

 

$

 

 

$

63,191

 

Total short-term investments

 

 

 

$

63,169

 

 

$

22

 

 

$

 

 

$

63,191

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities

 

 

 

$

98,554

 

 

$

22

 

 

$

 

 

$

98,576

 

 

 

 

 

 

 

 

 

As of December 31, 2022

 

 

 

Maturity (in years)

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

 

$

53,894

 

 

$

 

 

$

 

 

$

53,894

 

Total cash and cash equivalents

 

 

 

$

53,894

 

 

$

 

 

$

 

 

$

53,894

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

1 or less

 

$

84,977

 

 

$

 

 

$

(502

)

 

$

84,475

 

Total short-term investments

 

 

 

$

84,977

 

 

$

 

 

$

(502

)

 

$

84,475

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities

 

 

 

$

138,871

 

 

$

 

 

$

(502

)

 

$

138,369