v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis Our assets and liabilities that are measured at fair value on a recurring basis included the following (in thousands):

 

 

 

Fair Value Measurement at June 30, 2026 Using:

 

 

 

Quoted
Prices in
Active
Markets for
Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

 

Total

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in
   cash and cash equivalents)

 

$

2,214

 

 

$

—

 

 

$

—

 

 

$

2,214

 

Marketable securities

 

 

13,979

 

 

 

—

 

 

 

—

 

 

 

13,979

 

Total assets

 

$

16,193

 

 

$

—

 

 

$

—

 

 

$

16,193

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement at December 31,
2025 Using:

 

 

 

Quoted
Prices in
Active
Markets for
Identical
Assets

 

 

Significant
Other
Observable
Inputs

 

 

Significant
Unobservable
Inputs

 

 

Total

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

  Money market funds (included in
   cash and cash equivalents)

 

$

5,881

 

 

$

—

 

 

$

—

 

 

$

5,881

 

  Marketable securities

 

 

15,026

 

 

 

—

 

 

 

—

 

 

 

15,026

 

Total assets

 

$

20,907

 

 

$

—

 

 

$

—

 

 

$

20,907

 
Summary of Marketable Securities by Security Type

Marketable securities by security type consisted of the following (in thousands):

 

 

 

June 30, 2026:

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

U.S. Treasury notes and bonds

 

$

13,859

 

 

$

153

 

 

$

(33

)

 

$

13,979

 

 

 

$

13,859

 

 

$

153

 

 

$

(33

)

 

$

13,979

 

 

 

 

December 31, 2025:

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

U.S. Treasury notes and bonds

 

$

14,798

 

 

$

228

 

 

$

—

 

 

$

15,026

 

 

$

14,798

 

 

$

228

 

 

$

—

 

 

$

15,026