v3.25.2
Financial Instruments and Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Cash Equivalents and Conversion Right Liability's Carrying Value and Fair Value

The Company’s financial instruments consist of money market funds. The following tables show the Company’s cash equivalents carrying value and fair value at June 30, 2025 and December 31, 2024 (in thousands):

 

 

 

As of June 30, 2025 (unaudited)

 

 

 

 

 

 

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

 

 

Priced in

 

 

other

 

 

Significant

 

 

 

 

 

 

 

 

 

active

 

 

observable

 

 

unobservable

 

 

 

Carrying

 

 

Fair

 

 

markets

 

 

inputs

 

 

inputs

 

 

 

Amount

 

 

Value

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

975

 

 

$

975

 

 

$

975

 

 

$

 

 

$

 

Total assets

 

$

975

 

 

$

975

 

 

$

975

 

 

$

 

 

$

 

 

 

 

As of December 31, 2024

 

 

 

 

 

 

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

 

 

Priced in

 

 

other

 

 

Significant

 

 

 

 

 

 

 

 

 

active

 

 

observable

 

 

unobservable

 

 

 

Carrying

 

 

Fair

 

 

markets

 

 

inputs

 

 

inputs

 

 

 

Amount

 

 

Value

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

1,819

 

 

$

1,819

 

 

$

1,819

 

 

$

 

 

$

 

Total assets

 

$

1,819

 

 

$

1,819

 

 

$

1,819

 

 

$

 

 

$