| Schedule of the Company’s Assets and Liabilities that are Measured and Recognized at Fair Value on a Recurring Basis Classified Under the Appropriate Level of the Fair Value Hierarchy |
The following table presents the Company’s assets and liabilities that are measured and recognized at fair value on a recurring basis classified under the appropriate level of the fair value hierarchy as of June 30, 2026, and December 31, 2025:
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Fair Value Measurements at
June 30, 2026 |
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(in thousands) |
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Quoted Prices in Active Markets for Identical Assets and Liabilities
(Level 1) |
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Significant Other Observable Inputs
(Level 2) |
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Significant Unobservable Inputs
(Level 3) |
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Total |
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Assets: |
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Money market fund |
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$ |
6,647 |
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$ |
— |
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$ |
— |
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$ |
6,647 |
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Total included in cash and cash equivalents |
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6,647 |
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— |
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— |
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6,647 |
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Available for sale investments: |
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Certificate of deposit |
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— |
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1,248 |
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— |
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1,248 |
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Corporate debt securities |
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— |
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13,892 |
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— |
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13,892 |
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Commercial paper |
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— |
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1,581 |
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— |
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1,581 |
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U.S. government agencies |
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— |
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644 |
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— |
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644 |
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U.S. treasury securities |
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7,958 |
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— |
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— |
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7,958 |
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Total available for sale investments |
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7,958 |
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17,365 |
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— |
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25,323 |
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Total assets measured at fair value on a recurring basis |
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$ |
14,605 |
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$ |
17,365 |
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$ |
— |
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$ |
31,970 |
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Fair Value Measurements at
December 31, 2025 |
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(in thousands) |
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Quoted Prices in Active Markets for Identical Assets and Liabilities
(Level 1) |
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Significant Other Observable Inputs
(Level 2) |
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Significant Unobservable Inputs
(Level 3) |
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Total |
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Assets: |
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Money market fund |
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$ |
17,169 |
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$ |
— |
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$ |
— |
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$ |
17,169 |
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Total included in cash and cash equivalents |
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17,169 |
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— |
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— |
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17,169 |
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Available for sale investments: |
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Certificate of deposit |
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— |
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143 |
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— |
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143 |
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Corporate debt securities |
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— |
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28,669 |
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— |
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28,669 |
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Commercial paper |
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— |
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413 |
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— |
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413 |
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U.S. government agencies |
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— |
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2,876 |
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— |
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2,876 |
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U.S. treasury securities |
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8,733 |
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— |
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— |
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8,733 |
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Total available for sale investments |
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8,733 |
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32,101 |
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— |
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40,834 |
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Total assets measured at fair value on a recurring basis |
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$ |
25,902 |
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$ |
32,101 |
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$ |
— |
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$ |
58,003 |
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