The following tables summarize the Company’s financial assets by level in the fair value hierarchy, which are measured at fair value on a recurring basis, as of June 30, 2025 and December 31, 2024:


	Fair Value Measurement at Reporting Date Using
(In thousands)	June 30, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
U.S. Treasury Bills	$	12,491	$	12,491	$	—	$	—

Money Market Funds	$	43,340	$	43,340	$	—	$	—


	Fair Value Measurement at Reporting Date Using
(In thousands)	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
U.S. Treasury Bills	$	3,500	$	3,500	$	—	$	—
Money Market Funds	$	51,690	$	51,690	$	—	$	—