v3.25.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measurement on Recurring Basis

The Company’s population of financial assets and liabilities subject to fair value measurements on a recurring basis is as follows:

 

 

Fair Value as of March 31, 2025

 

Recurring fair value measurements

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

2,277

 

 

$

 

 

$

 

 

$

2,277

 

Contingent purchase consideration (1)

 

 

 

 

 

 

 

 

(2,848

)

 

 

(2,848

)

Derivative liability (2)

 

 

 

 

 

 

 

 

(471

)

 

 

(471

)

 

$

2,277

 

 

$

 

 

$

(3,319

)

 

$

(1,042

)

 

 

 

 

Fair Value as of December 31, 2024

 

Recurring fair value measurements

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

8,853

 

 

$

 

 

$

 

 

$

8,853

 

Contingent purchase consideration (1)

 

 

 

 

 

 

 

 

(2,925

)

 

 

(2,925

)

 

$

8,853

 

 

$

 

 

$

(2,925

)

 

$

5,928

 

Summary Of Changes In Fair Value Of Contingent Purchase Consideration and Derivative Liability

The following table sets forth a summary of the changes in the fair value of the contingent purchase consideration and derivative liability:

 

 

 

Contingent Purchase Consideration

 

 

Derivative Liability

 

Fair value at January 1, 2025

 

$

2,925

 

 

$

 

Issuance

 

 

 

 

 

508

 

Change in fair value

 

 

(77

)

 

 

(37

)

Fair value as of March 31, 2025

 

$

2,848

 

 

$

471