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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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):

June 30, 2025		Level 1				Level 2				Level 3				Total
Assets
Money market securities (cash equivalents)		$	51,184			$	—			$	—			$	51,184
Restricted cash			20				—				—				20
US government securities			—				2,737				—				2,737
Commercial paper			—				786				—				786
Total assets		$	51,204			$	3,523			$	—			$	54,727
Liabilities
Convertible debt		$	—				9,548			$	—			$	9,548
Contingent consideration			—				—				1,337				1,337
Total liabilities		$	—			$	9,548			$	1,337			$	10,885

Summary of Cash Equivalents and Restricted Cash

Cash equivalents and restricted cash consist of the following (in thousands):

						Gross				Gross
		Amortized				Unrealized				Unrealized				Estimated
June 30, 2025		Cost				Gains				Losses				Fair Value
Money market securities		$	51,184			$	—			$	—			$	51,184
Total cash equivalents		$	51,184			$	—			$	—			$	51,184
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
June 30, 2025		Cost				Gains				Losses				Fair Value
US government securities		$	2,737			$	—			$	—			$	2,737
Commercial paper			787				—				(1	)			786
Total marketable securities		$	3,524			$	—			$	(1	)		$	3,523

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.

		June 30, 2025												December 31, 2024
		Principal				Carrying				Fair				Principal				Carrying				Fair
		Amount				Value				Value				Amount				Value				Value
2024 SVB Convertible Debt		$	10,000			$	9,865			$	9,548			$	10,000			$	9,837			$	9,430

As of June 30, 2025 and December 31, 2024, the New Convertible Term Loan balance was comprised of the following (in thousands):

	June 30,				December 31,
	2025				2024
New Convertible Term Loan Information
Principal	$	10,000			$	10,000
Transaction costs		(186	)			(186	)
Amortization of transaction costs		51				23
	$	9,865			$	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 six months ended June 30, 2025:

		Balance at				Change in				Balance at
(in thousands)		December 31, 2024				Fair Value				June 30, 2025
Contingent consideration		$	1,149			$	188			$	1,337

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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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