The following tables present the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis (in thousands):


	June 30, 2026
	Cash Equivalents and Restricted Cash		Short-Term Investments		Total Assets at Fair Value
Level 1:
Money market funds	$	8,161	$	—	$	8,161

Total Level 1	8,161		—		8,161





Total assets measured at fair value	$	8,161	$	—	$	8,161


	December 31, 2025
	Cash Equivalents and Restricted Cash		Short-Term Investments		Total Assets at Fair Value
Level 1:
Money market funds	$	9,191	$	—	$	9,191
U.S. Treasury securities	—		793		793
Total Level 1	9,191		793		9,984
Level 2:

Commercial paper	2,792		6,764		9,556

Total Level 2	2,792		6,764		9,556
Total assets measured at fair value	$	11,983	$	7,557	$	19,540

The following tables present the Company’s fair value hierarchy for its financial liabilities measured at fair value on a recurring basis (in thousands):


	June 30, 2026
	Level 1		Level 2		Level 3		Total
Liabilities:
Public common stock warrants	$	63	—		—		$	63
Total liabilities measured at fair value	$	63	$	—	$	—	$	63


	December 31, 2025
	Level 1		Level 2		Level 3		Total
Liabilities:
Public common stock warrants	$	573	—		—		$	573
Total liabilities measured at fair value	$	573	$	—	$	—	$	573