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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following tables show the Company’s cash, cash equivalents, and short-term investments by significant investment category as of March 31, 2025 and December 31, 2024 (in thousands):

			March 31, 2025
			Amortized Cost						Unrealized Gains						Unrealized Losses						Fair Value						Cash and Cash Equivalents						Short-term Investments
Cash			$	4,391					$	—					$	—					$	4,391					$	4,391					$	—
Level 1:
Money market funds			6,209						—						—						6,209						6,209						—
Level 2(1):
Commercial paper			15,123						2						(2)						15,123						7,719						7,404
Corporate debt			11,244						2						(8)						11,238						—						11,238
U.S. agency securities			1,995						1						—						1,996						—						1,996
U.S. treasury securities			20,805						19						—						20,824						—						20,824
Subtotal			49,167						24						(10)						49,181						7,719						41,462
Total			$	59,767					$	24					$	(10)					$	59,781					$	18,319					$	41,462

			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.

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- References

No definition available.

+ Details

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