v3.26.1
Fair Value Measurement
6 Months Ended
Jun. 30, 2026
Fair Value Measurement  
Fair Value Measurement

8.     Fair Value Measurement

The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:

As of June 30, 2026

Quoted Market

Prices in Active

Significant

Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Total Fair Value

(in thousands)

(Level 1)

(Level 2)

(Level 3)

Measurements

Assets:

  ​ ​ ​

  ​

  ​ ​ ​

  ​

  ​ ​ ​

  ​

  ​ ​ ​

  ​

Cash equivalents

$

9,503

$

$

$

9,503

As of December 31, 2025

Quoted Market

 

Prices in Active

Significant

Markets for

Significant Other

Unobservable

 

Identical Assets

 

Observable Inputs

Inputs

Total Fair Value

(in thousands)

(Level 1)

(Level 2)

 

(Level 3)

Measurements

Assets:

  ​ ​ ​

 

  ​

  ​ ​ ​

 

  ​

  ​ ​ ​

 

  ​

  ​ ​ ​

 

  ​

Cash equivalents

 

$

9,336

$

$

 

$

9,336

Cash equivalents consisted of money market funds of $9.5 million and $9.3 million as of June 30, 2026 and December 31, 2025, respectively.