The following is summary of marketable securities that the Company measures at fair value (in thousands):


	Fair Value at March 31, 2026
	Level 1		Level 2		Level 3		Total
Money market funds(1)	$	10,019	$	—	$	—	$	10,019
Accrued income		—		—		—		—
Total money market funds	$	10,019	$	—	$	—	$	10,019

(1)

Money market funds are included in cash and cash equivalents in the condensed balance sheet.


	Fair Value at December 31, 2025
	Level 1		Level 2		Level 3		Total
Money market funds(1)	$	3,500	$	—	$	—	$	3,500
Accrued income		11		—		—		11
Total money market funds	$	3,511	$	—	$	—	$	3,511

(1)

Money market funds are included in cash and cash equivalents in the condensed balance sheet.

As of March 31, 2026 and December 31, 2025, the Company reported accrued interest receivable related to money market funds of $0 and $11,000, respectively.