| Schedule of Financial Assets Measured at Fair Value on a Recurring Basis |
The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values:
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Description |
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Financial Assets |
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Level 1 |
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Level 2 |
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Level 3 |
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(in thousands) |
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As of June 30, 2025 |
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Assets |
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Cash equivalents: |
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Money market funds |
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$ |
48,468 |
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$ |
48,468 |
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$ |
— |
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$ |
— |
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Commercial paper |
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2,993 |
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— |
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2,993 |
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— |
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Total cash equivalents |
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51,461 |
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48,468 |
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2,993 |
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— |
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Marketable securities: |
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Commercial paper |
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41,816 |
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— |
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41,816 |
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— |
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Total marketable securities |
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41,816 |
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— |
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41,816 |
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— |
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Derivative financial asset |
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600 |
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— |
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— |
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600 |
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Total financial assets |
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$ |
93,877 |
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$ |
48,468 |
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$ |
44,809 |
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$ |
600 |
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As of December 31, 2024 |
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Assets |
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Cash equivalents: |
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Money market funds |
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$ |
25,522 |
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$ |
25,522 |
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$ |
— |
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$ |
— |
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Commercial paper |
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15,433 |
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— |
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15,433 |
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— |
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Total cash equivalents |
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40,955 |
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25,522 |
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15,433 |
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— |
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Marketable securities: |
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U.S. Treasury and government-sponsored enterprises |
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3,014 |
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— |
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3,014 |
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— |
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Commercial paper |
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40,726 |
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— |
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40,726 |
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— |
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Corporate debt securities |
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24,334 |
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— |
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24,334 |
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— |
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Total marketable securities |
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68,074 |
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— |
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68,074 |
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— |
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Total financial assets |
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$ |
109,029 |
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$ |
25,522 |
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$ |
83,507 |
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$ |
— |
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