| Schedule of Investments in Marketable Securities |
Investments in marketable securities consisted of the following (in thousands):
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September 30, 2023 |
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Amortized
Cost |
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Gross
Unrealized
Gain |
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|
Gross
Unrealized
Loss |
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Fair Value |
|
Cash equivalents |
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|
|
|
|
|
|
|
|
|
|
|
Money market fund |
|
$ |
23,058 |
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|
$ |
— |
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|
$ |
— |
|
|
$ |
23,058 |
|
U.S. treasury securities |
|
|
2,696 |
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|
|
— |
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|
|
— |
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|
|
2,696 |
|
Total cash equivalents |
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|
25,754 |
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|
|
— |
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|
|
— |
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|
|
25,754 |
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Short-term marketable securities |
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|
|
|
|
|
|
|
|
|
|
|
U.S. treasury securities |
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|
17,565 |
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|
1 |
|
|
|
(3 |
) |
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|
17,563 |
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U.S. and foreign commercial paper |
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|
1,991 |
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|
— |
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|
— |
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|
1,991 |
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Total short-term marketable securities |
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19,556 |
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|
1 |
|
|
|
(3 |
) |
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|
19,554 |
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Total cash equivalents and marketable securities |
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$ |
45,310 |
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|
$ |
1 |
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|
$ |
(3 |
) |
|
$ |
45,308 |
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|
|
|
|
|
|
|
December 31, 2022 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gain |
|
|
Gross
Unrealized
Loss |
|
|
Fair Value |
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market fund |
|
$ |
49,676 |
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|
$ |
— |
|
|
$ |
— |
|
|
$ |
49,676 |
|
Total cash equivalents |
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|
49,676 |
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|
|
— |
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|
|
— |
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|
|
49,676 |
|
Short-term marketable securities |
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|
|
|
|
|
|
|
|
|
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U.S. and foreign corporate debt securities |
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|
18,903 |
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|
|
— |
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|
|
(306 |
) |
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|
18,597 |
|
U.S. treasury securities |
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|
11,968 |
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|
|
— |
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|
(224 |
) |
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|
11,744 |
|
U.S. and foreign commercial paper |
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|
8,851 |
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— |
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— |
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|
8,851 |
|
Total short-term marketable securities |
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|
39,722 |
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|
— |
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(530 |
) |
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|
39,192 |
|
Total cash equivalents and marketable securities |
|
$ |
89,398 |
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|
$ |
— |
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|
$ |
(530 |
) |
|
$ |
88,868 |
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| Schedule of Fair Value of Financial Assets |
The following tables present the fair value of the Company’s financial assets measured at fair value on a recurring basis (in thousands):
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September 30, 2023 |
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Level 1 |
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Level 2 |
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Level 3 |
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|
Fair Value |
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market fund |
|
$ |
23,058 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
23,058 |
|
U.S. treasury securities |
|
|
2,696 |
|
|
|
— |
|
|
|
— |
|
|
|
2,696 |
|
Total cash equivalents |
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|
25,754 |
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|
|
— |
|
|
|
— |
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|
|
25,754 |
|
Short-term marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasury securities |
|
|
— |
|
|
|
17,563 |
|
|
|
— |
|
|
|
17,563 |
|
U.S. and foreign commercial paper |
|
|
— |
|
|
|
1,991 |
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|
|
— |
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|
1,991 |
|
Total short-term marketable securities |
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|
— |
|
|
|
19,554 |
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|
|
— |
|
|
|
19,554 |
|
Total assets measured at fair value |
|
$ |
25,754 |
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|
$ |
19,554 |
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|
$ |
— |
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|
$ |
45,308 |
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|
|
|
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|
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|
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December 31, 2022 |
|
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|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Fair Value |
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market fund |
|
$ |
49,676 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
49,676 |
|
Total cash equivalents |
|
|
49,676 |
|
|
|
— |
|
|
|
— |
|
|
|
49,676 |
|
Short-term marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. and foreign corporate debt securities |
|
|
— |
|
|
|
18,597 |
|
|
|
— |
|
|
|
18,597 |
|
U.S. treasury securities |
|
|
— |
|
|
|
11,744 |
|
|
|
— |
|
|
|
11,744 |
|
U.S. and foreign commercial paper |
|
|
— |
|
|
|
8,851 |
|
|
|
— |
|
|
|
8,851 |
|
Total short-term marketable securities |
|
|
— |
|
|
|
39,192 |
|
|
|
— |
|
|
|
39,192 |
|
Total assets measured at fair value |
|
$ |
49,676 |
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|
$ |
39,192 |
|
|
$ |
— |
|
|
$ |
88,868 |
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