XML 28 R20.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Marketable Securities

The following tables set forth marketable securities as of June 30, 2024 and December 31, 2023 (in thousands):

		As of June 30, 2024
		Amortized Cost				Unrealized Gains				Unrealized Losses				Total
U.S. Treasury notes			95,278				—				(57	)			95,221
Total		$	95,278			$	—			$	(57	)		$	95,221

		As of December 31, 2023
		Amortized Cost				Unrealized Gains				Unrealized Losses				Total
U.S. Treasury notes			29,622				11				—				29,633
Total		$	29,622			$	11			$	—			$	29,633

Summary of Fair Value of Financial Assets Measured at Fair Value on Recurring Basis

The following tables set forth the fair value of the Company’s financial assets measured at fair value on a recurring basis and indicate the level within the fair value hierarchy utilized to determine such values as of June 30, 2024 and December 31, 2023 (in thousands):

		As of June 30, 2024
		Total				Level 1				Level 2				Level 3
Cash Equivalents:
U.S. Treasury-backed money market funds		$	63,116			$	63,116			$	—			$	—
U.S. Treasury notes			—				—				—				—
Marketable Securities:
U.S. Treasury notes			95,221				95,221				—				—
Total		$	158,337			$	158,337			$	—			$	—

		As of December 31, 2023
		Total				Level 1				Level 2				Level 3
Cash Equivalents:
U.S. Treasury-backed money market funds		$	64,397			$	64,397			$	—			$	—
U.S. Treasury notes			11,980				11,980				—				—
Marketable Securities:
U.S. Treasury notes			29,633				29,633				—				—
Total		$	106,010			$	106,010			$	—			$	—

X

- 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

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

+ References

No definition available.

+ Details

Name:	us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration