| 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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March 31, 2026 |
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Financial assets: |
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Cash equivalents |
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Money market funds |
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$ |
18,603 |
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$ |
— |
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$ |
— |
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$ |
18,603 |
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Marketable securities |
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U.S. treasury securities |
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— |
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61,455 |
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— |
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61,455 |
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Marketable securities |
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Corporate bonds |
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— |
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40,202 |
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— |
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40,202 |
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Marketable securities |
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Commercial paper |
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— |
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32,857 |
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— |
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32,857 |
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Marketable securities |
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Asset backed securities |
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— |
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13,541 |
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— |
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13,541 |
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Marketable securities |
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U.S. government agency securities |
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— |
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4,316 |
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— |
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4,316 |
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Total assets |
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$ |
18,603 |
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$ |
152,371 |
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$ |
— |
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$ |
170,974 |
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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, 2025 |
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Financial assets: |
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Cash equivalents |
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Money market funds |
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$ |
17,926 |
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$ |
— |
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$ |
— |
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$ |
17,926 |
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Marketable securities |
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U.S. treasury securities |
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— |
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62,672 |
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— |
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62,672 |
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Marketable securities |
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Commercial paper |
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— |
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46,783 |
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— |
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46,783 |
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Marketable securities |
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Corporate bonds |
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— |
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42,005 |
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— |
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42,005 |
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Marketable securities |
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Asset backed securities |
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— |
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13,575 |
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— |
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13,575 |
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Marketable securities |
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U.S. government agency securities |
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— |
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4,311 |
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— |
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4,311 |
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Total assets |
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$ |
17,926 |
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$ |
169,346 |
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$ |
— |
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$ |
187,272 |
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