| Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 were as follows (in thousands):
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|
|
|
|
|
|
|
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|
|
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|
Total |
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|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
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|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Financial assets |
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|
|
|
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Cash equivalents: |
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|
|
|
|
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|
|
|
|
Money market funds |
|
$ |
32,444 |
|
|
$ |
32,444 |
|
|
$ |
— |
|
|
$ |
— |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agency securities |
|
|
86,014 |
|
|
|
— |
|
|
|
86,014 |
|
|
|
— |
|
MS APA asset |
|
|
1,421 |
|
|
|
— |
|
|
|
— |
|
|
|
1,421 |
|
Total financial assets |
|
$ |
119,879 |
|
|
$ |
32,444 |
|
|
$ |
86,014 |
|
|
$ |
1,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
CVR liability |
|
$ |
1,421 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,421 |
|
Total financial liabilities |
|
$ |
1,421 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,421 |
|
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
55,155 |
|
|
$ |
55,155 |
|
|
$ |
— |
|
|
$ |
— |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasury bills |
|
|
22,238 |
|
|
|
— |
|
|
|
22,238 |
|
|
|
— |
|
U.S. government agency securities |
|
|
85,173 |
|
|
|
— |
|
|
|
85,173 |
|
|
|
— |
|
MS APA asset |
|
|
1,472 |
|
|
|
— |
|
|
|
— |
|
|
|
1,472 |
|
Total financial assets |
|
$ |
164,038 |
|
|
$ |
55,155 |
|
|
$ |
107,411 |
|
|
$ |
1,472 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
CVR liability |
|
$ |
1,472 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,472 |
|
Total financial liabilities |
|
$ |
1,472 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,472 |
|
|