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Fair Value Measurements | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Fair Value Measurements The following tables show the Company’s cash, cash equivalents, and short-term investments by significant investment category (in thousands):
| December 31, 2024
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Short-term Investments
Cash | $ | 3,284 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,284 |  |  | $ | 3,284 |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |
Money market funds | 15,980 |  |  | — |  |  | — |  |  | 15,980 |  |  | 15,980 |  |  | — |
Level 2(1): |  |  |  |  |  |  |  |  |  |  |
Commercial paper | 6,768 |  |  | 1 |  |  | — |  |  | 6,769 |  |  | — |  |  | 6,769 |
Corporate debt | 17,187 |  |  | 8 |  |  | (15) |  |  | 17,180 |  |  | — |  |  | 17,180 |
U.S. agency securities | 1,989 |  |  | 2 |  |  | — |  |  | 1,991 |  |  | — |  |  | 1,991 |
U.S. treasury securities | 28,198 |  |  | 56 |  |  | — |  |  | 28,254 |  |  | — |  |  | 28,254 |
Subtotal | 54,142 |  |  | 67 |  |  | (15) |  |  | 54,194 |  |  | — |  |  | 54,194 |
Total | $ | 73,406 |  |  | $ | 67 |  |  | $ | (15) |  |  | $ | 73,458 |  |  | $ | 19,264 |  |  | $ | 54,194 |
(1) The valuation techniques used to measure the fair values of the Company’s Level 2 financial instruments uses inputs that are either directly or indirectly observable for the asset through correlation with market data at the measurement date and for the duration of the instrument’s anticipated life.
| December 31, 2023
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Short-term Investments
Cash | $ | 8,742 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,742 |  |  | $ | 8,742 |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |
Money market funds | 56,374 |  |  | — |  |  | — |  |  | 56,374 |  |  | 56,374 |  |  | — |
Total | $ | 65,116 |  |  | $ | — |  |  | $ | — |  |  | $ | 65,116 |  |  | $ | 65,116 |  |  | $ | — |
We limit the credit risk associated with our cash equivalents and short-term investments by placing them with banks and institutions we believe are highly credit-worthy and investing in highly-rated investments. As of December 31, 2024, the contractual maturity of all investments held was less than one year. During the years ended December 31, 2024 and 2023, we did not recognize any significant credit losses nor other-than-temporary impairment losses on non-marketable securities.

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- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/820/tableOfContent + Details
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