| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):
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Fair Value Measurements at June 30, 2025 Using: |
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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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Assets: |
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Cash equivalents: |
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Money market funds |
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$ |
22,072 |
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$ |
— |
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$ |
— |
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$ |
22,072 |
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Marketable securities: |
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U.S. Treasury securities |
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47,223 |
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— |
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— |
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47,223 |
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Corporate bonds |
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— |
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105,009 |
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— |
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105,009 |
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U.S. government agency debt securities |
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— |
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12,491 |
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— |
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12,491 |
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Total marketable securities |
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47,223 |
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117,500 |
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— |
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164,723 |
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Total assets |
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$ |
69,295 |
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$ |
117,500 |
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$ |
— |
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$ |
186,795 |
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Fair Value Measurements at December 31, 2024 Using: |
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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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Assets: |
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Cash equivalents: |
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Money market funds |
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$ |
85,612 |
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$ |
— |
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$ |
— |
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$ |
85,612 |
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Marketable securities: |
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U.S. Treasury securities |
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54,307 |
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— |
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— |
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54,307 |
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Corporate bonds |
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— |
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67,492 |
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— |
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67,492 |
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U.S. government agency debt securities |
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— |
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3,501 |
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— |
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|
3,501 |
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Total marketable securities |
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54,307 |
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70,993 |
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— |
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125,300 |
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Total assets |
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$ |
139,919 |
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$ |
70,993 |
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$ |
— |
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$ |
210,912 |
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