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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques we utilized to determine such fair value (in thousands):

March 31, 2025		Level 1				Level 2				Level 3				Total
Assets
Money market securities (cash equivalents)		$	12,401			$	—			$	—			$	12,401
Restricted cash			20				—				—				20
US government securities			—				6,197				—				6,197
Corporate bonds			—				3,642				—				3,642
Commercial paper			—				390				—				390
Total assets		$	12,421			$	10,229			$	—			$	22,650
Liabilities
Convertible debt		$	—				9,489			$	—			$	9,489
Contingent consideration			—				—				1,240				1,240
Total liabilities		$	—			$	9,489			$	1,240			$	10,729

Summary of Cash Equivalents

Cash equivalents consist of the following (in thousands):

						Gross				Gross
		Amortized				Unrealized				Unrealized				Estimated
March 31, 2025		Cost				Gains				Losses				Fair Value
Money market securities		$	12,401			$	—			$	—			$	12,401
Total cash equivalents		$	12,401			$	—			$	—			$	12,401
Money market securities (restricted cash)		$	20			$	—			$	—			$	20
Total restricted cash		$	20			$	—			$	—			$	20

Schedule of Corporate Bonds and Commercial Paper

						Gross				Gross
		Amortized				Unrealized				Unrealized				Estimated
March 31, 2025		Cost				Gains				Losses				Fair Value
US government securities		$	6,196			$	—			$	1			$	6,197
Corporate bonds			3,641				—				1				3,642
Commercial paper			390				—				—				390
Total marketable securities		$	10,227			$	—			$	2			$	10,229

Schedule of Aggregate Fair Value of Principal Amount of Convertible Debt

The aggregate fair value of the principal amount of the convertible debt is a Level 2 fair value measurement.

		March 31, 2025												December 31, 2024
		Principal				Carrying				Fair				Principal				Carrying				Fair
		Amount				Value				Value				Amount				Value				Value
2024 SVB Convertible Debt		$	10,000			$	9,851			$	9,489			$	10,000			$	9,837			$	9,430

As of March 31, 2025 and December 31, 2024, the New Convertible Term Loan balance was comprised of the following:

	March 31,				December 31,
	2025				2024
New Convertible Term Loan Information
Principal	$	10,000			$	10,000
Transaction costs		(186	)			(186	)
Amortization of transaction costs		37				23
		9,851				9,837

Schedule of Changes in Fair Value of Liabilities

The following table presents the changes in fair value of our total Level 3 financial liabilities for the three months ended March 31, 2025:

		Balance at				Change in				Balance at
(in thousands)		December 31, 2024				Fair Value				March 31, 2025
Contingent consideration		$	1,149			$	91			$	1,240

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+ 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

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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