v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Summary of Transfers of Assets and Liabilities Between Levels of Fair Value Hierarchy The Company did not have any transfers of assets and liabilities between the levels of the fair value hierarchy during the periods presented.

 

(in thousands)

 

Total
Fair Value

 

 

Quoted
Market
Prices for
Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

As of March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

47,905

 

 

$

47,905

 

 

$

 

 

$

 

Certificates of deposit with original maturity of 3 months or less (1)

 

 

24,000

 

 

 

 

 

 

24,000

 

 

 

 

Certificates of deposit with original maturity greater than 3 months (2)

 

 

24,000

 

 

 

 

 

 

24,000

 

 

 

 

Total financial assets

 

$

95,905

 

 

$

47,905

 

 

$

48,000

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

60,738

 

 

$

60,738

 

 

$

 

 

$

 

Certificates of deposit with original maturity of 3 months or less (1)

 

 

24,036

 

 

 

 

 

 

24,036

 

 

 

 

Certificates of deposit with original maturity greater than 3 months (2)

 

 

24,000

 

 

 

 

 

 

24,000

 

 

 

 

Total financial assets

 

$

108,774

 

 

$

60,738

 

 

$

48,036

 

 

$

 

 

(1)
Included as a component of “Cash and cash equivalents” on the accompanying Condensed Balance Sheets.
(2)
Included as a component of “Short-term investments” on the accompanying Condensed Balance Sheets.
Schedule of Components of Reported Inventory

The components of reported “inventory” are as follows:

 

(in thousands)

 

As of March 31, 2026

 

 

As of December 31, 2025

 

Finished goods

 

$

2,003

 

 

$

1,788

 

Work in process

 

 

60

 

 

 

57

 

Total

 

$

2,063

 

 

$

1,845

 

 

Summary of Changes in Fair Value of Warrant Liabilities A summary of the changes in the total fair value of the warrant liabilities for the three months ended March 31, 2025, is as follows:

 

(in thousands)

 

Warrant
Liabilities

 

Fair value as of December 31, 2024

 

$

457

 

Change in fair value of warrant liabilities

 

 

33

 

Fair value as of March 31, 2025

 

$

490