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Fair Value of Financial Instruments
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments 5: Fair Value of Financial Instruments

The Company had the following financial instruments as of December 31, 2023 and June 30, 2024: cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities. The carrying value of these financial instruments approximates their fair value based on the liquidity of these financial instruments and their short-term nature. Further, these financial instruments are considered at Level 1 fair value with observable inputs that reflect quoted prices for identical assets or liabilities in active markets.

The following table provides information about the fair value of our cash and cash equivalents balance:

 

December 31,

 

 

June 30,

 

(In Thousands)

2023

 

 

2024

 

Level 1 assets:

 

 

 

 

 

Cash

$

9,510

 

 

$

6,852

 

Money market funds

 

5,097

 

 

 

5,125

 

Total cash and cash equivalents

$

14,607

 

 

$

11,977