| Measured on Recurring Basis |
Items measured at fair value on a recurring basis are the Company’s investments. The following table sets forth the Company’s financial investments that were measured at fair value on a recurring basis by level within the fair value hierarchy as well as amortized cost of investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of June 30, 2026, Using: |
|
|
Amortized Cost |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market mutual funds |
$ |
40,953 |
|
|
$ |
40,953 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
40,953 |
|
U.S. Treasury securities |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
40,953 |
|
|
|
40,953 |
|
|
|
- |
|
|
|
- |
|
|
|
40,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
59,246 |
|
|
|
- |
|
|
|
59,240 |
|
|
|
- |
|
|
|
59,240 |
|
|
|
59,246 |
|
|
|
- |
|
|
|
59,240 |
|
|
|
- |
|
|
|
59,240 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
$ |
100,199 |
|
|
$ |
40,953 |
|
|
$ |
59,240 |
|
|
$ |
- |
|
|
$ |
100,193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of December 31, 2025, Using: |
|
|
Amortized Cost |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market mutual funds |
$ |
22,090 |
|
|
$ |
22,090 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
22,090 |
|
U.S. Treasury securities |
|
41,919 |
|
|
|
- |
|
|
|
41,918 |
|
|
|
- |
|
|
|
41,918 |
|
|
|
64,009 |
|
|
|
22,090 |
|
|
|
41,918 |
|
|
|
- |
|
|
|
64,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
111,309 |
|
|
|
- |
|
|
|
111,371 |
|
|
|
- |
|
|
|
111,371 |
|
|
|
111,309 |
|
|
|
- |
|
|
|
111,371 |
|
|
|
- |
|
|
|
111,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
$ |
175,318 |
|
|
$ |
22,090 |
|
|
$ |
153,289 |
|
|
$ |
- |
|
|
$ |
175,379 |
|
|