| 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.
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|
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|
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|
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|
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(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 June 30, 2026 |
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|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
20,455 |
|
|
$ |
20,455 |
|
|
$ |
— |
|
|
$ |
— |
|
Certificates of deposit |
|
|
24,000 |
|
|
|
— |
|
|
|
24,000 |
|
|
|
— |
|
Corporate bonds |
|
|
699 |
|
|
|
— |
|
|
|
699 |
|
|
|
— |
|
Total cash equivalents |
|
|
45,154 |
|
|
|
20,455 |
|
|
|
24,699 |
|
|
|
— |
|
Short-term investments: |
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|
|
|
|
|
|
|
|
|
|
|
Certificates of deposit |
|
|
24,000 |
|
|
|
— |
|
|
|
24,000 |
|
|
|
— |
|
Total short-term investments |
|
|
24,000 |
|
|
|
— |
|
|
|
24,000 |
|
|
|
— |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
|
4,961 |
|
|
|
— |
|
|
|
4,961 |
|
|
|
— |
|
Corporate bonds |
|
|
8,368 |
|
|
|
— |
|
|
|
8,368 |
|
|
|
— |
|
Commercial paper |
|
|
5,651 |
|
|
|
— |
|
|
|
5,651 |
|
|
|
— |
|
Total marketable securities |
|
|
18,980 |
|
|
|
— |
|
|
|
18,980 |
|
|
|
— |
|
Total financial assets |
|
$ |
88,134 |
|
|
$ |
20,455 |
|
|
$ |
67,679 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
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Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
60,738 |
|
|
$ |
60,738 |
|
|
$ |
— |
|
|
$ |
— |
|
Certificates of deposit |
|
|
24,036 |
|
|
|
— |
|
|
|
24,036 |
|
|
|
— |
|
Total cash equivalents |
|
|
84,774 |
|
|
|
60,738 |
|
|
|
24,036 |
|
|
|
— |
|
Short-term investments: |
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|
|
|
|
|
|
|
|
|
|
|
Certificates of deposit |
|
|
24,000 |
|
|
|
— |
|
|
|
24,000 |
|
|
|
— |
|
Total short-term investments |
|
|
24,000 |
|
|
|
— |
|
|
|
24,000 |
|
|
|
— |
|
Total financial assets |
|
$ |
108,774 |
|
|
$ |
60,738 |
|
|
$ |
48,036 |
|
|
$ |
— |
|
|
| Summary of Estimated Fair Value of Available-for-Sale Debt Securities and Gross Unrealized Gains and Losses |
The following tables summarize the estimated fair value of the Company's available-for-sale debt securities and the gross unrealized gains and losses (in thousands):
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|
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|
|
|
|
|
|
|
|
June 30, 2026 |
|
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|
Amortized Cost |
|
|
Unrealized Gain |
|
|
Unrealized Loss |
|
|
Fair Value |
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate bonds |
|
$ |
699 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
699 |
|
Total cash equivalents |
|
$ |
699 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
699 |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
4,963 |
|
|
$ |
— |
|
|
$ |
(2 |
) |
|
$ |
4,961 |
|
Corporate bonds |
|
|
8,378 |
|
|
|
— |
|
|
|
(10 |
) |
|
|
8,368 |
|
Commercial paper |
|
|
5,656 |
|
|
|
— |
|
|
|
(5 |
) |
|
|
5,651 |
|
Total marketable securities |
|
$ |
18,997 |
|
|
$ |
— |
|
|
$ |
(17 |
) |
|
$ |
18,980 |
|
|
| Schedule of Components of Reported Inventory |
The components of reported “inventory” are as follows:
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|
(in thousands) |
|
As of June 30, 2026 |
|
|
As of December 31, 2025 |
|
Finished goods |
|
$ |
2,190 |
|
|
$ |
1,788 |
|
Work in process |
|
|
85 |
|
|
|
57 |
|
Total |
|
$ |
2,275 |
|
|
$ |
1,845 |
|
|