| Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
18,208 |
|
|
$ |
18,208 |
|
|
$ |
— |
|
|
$ |
— |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasury bills |
|
|
4,937 |
|
|
|
— |
|
|
|
4,937 |
|
|
|
— |
|
U.S. government agency securities |
|
|
108,079 |
|
|
|
— |
|
|
|
108,079 |
|
|
|
— |
|
MS APA asset |
|
|
1,504 |
|
|
|
— |
|
|
|
— |
|
|
|
1,504 |
|
Total financial assets |
|
$ |
132,728 |
|
|
$ |
18,208 |
|
|
$ |
113,016 |
|
|
$ |
1,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
CVR liability |
|
$ |
1,504 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,504 |
|
Total financial liabilities |
|
$ |
1,504 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,504 |
|
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
21,377 |
|
|
$ |
21,377 |
|
|
$ |
— |
|
|
$ |
— |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agency securities |
|
|
63,363 |
|
|
|
— |
|
|
|
63,363 |
|
|
|
— |
|
MS APA asset |
|
|
1,481 |
|
|
|
— |
|
|
|
— |
|
|
|
1,481 |
|
Total financial assets |
|
$ |
86,221 |
|
|
$ |
21,377 |
|
|
$ |
63,363 |
|
|
$ |
1,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
CVR liability |
|
$ |
1,481 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,481 |
|
Total financial liabilities |
|
$ |
1,481 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,481 |
|
|