| Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on Recurring Basis |
The following table summarizes the Company's financial assets and financial liabilities measured at fair value on a recurring basis and the basis for that measurement, by level within the fair value hierarchy, as follows:
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Fair Value Measurement Using: |
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Balance Sheet Classification |
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Type of Instrument |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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June 30, 2025 |
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Financial assets: |
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Cash equivalents |
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Money market funds |
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$ |
115,933 |
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$ |
— |
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$ |
— |
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$ |
115,933 |
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Marketable securities |
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U.S. treasury securities |
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— |
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32,209 |
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— |
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32,209 |
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Marketable securities |
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Commercial paper |
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— |
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20,195 |
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— |
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20,195 |
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Marketable securities |
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Corporate bonds |
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— |
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15,487 |
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— |
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15,487 |
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Marketable securities |
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U.S. government agency securities |
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— |
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13,388 |
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— |
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13,388 |
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Marketable securities |
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Asset backed securities |
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— |
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5,548 |
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— |
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5,548 |
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Total assets |
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$ |
115,933 |
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$ |
86,827 |
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$ |
— |
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$ |
202,760 |
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Fair Value Measurement Using: |
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Balance Sheet Classification |
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Type of Instrument |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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December 31, 2024 |
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Financial assets: |
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Cash equivalents |
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Money market funds |
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$ |
28,605 |
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$ |
— |
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$ |
— |
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$ |
28,605 |
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Marketable securities |
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U.S. treasury securities |
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— |
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22,851 |
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— |
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22,851 |
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Marketable securities |
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Corporate bonds |
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— |
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18,941 |
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— |
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18,941 |
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Marketable securities |
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Commercial paper |
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— |
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13,000 |
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— |
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13,000 |
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Marketable securities |
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U.S. government agency securities |
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— |
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11,423 |
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— |
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11,423 |
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Marketable securities |
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Asset backed securities |
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— |
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7,310 |
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— |
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7,310 |
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Cash equivalents |
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Commercial paper |
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— |
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4,479 |
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— |
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|
4,479 |
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Total assets |
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$ |
28,605 |
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$ |
78,004 |
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$ |
— |
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$ |
106,609 |
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