v3.26.1
Cash and Cash Equivalents and Fair Value Measurement
 6 Months Ended
Jun. 30, 2026
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents and Fair Value Measurement

3. Cash and Cash Equivalents and Fair Value Measurement

 

The following is summary of cash and cash equivalents that the Company measures at fair value (in thousands):

 

 

Fair Value at June 30, 2026

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds(1)

 

$

8,000

 

 

$

—

 

 

$

—

 

 

$

8,000

 

Accrued income

 

 

27

 

 

 

—

 

 

 

—

 

 

 

27

 

Total money market funds

 

$

8,027

 

 

$

—

 

 

$

—

 

 

$

8,027

 

 

(1)
Money market funds are included in cash and cash equivalents in the condensed balance sheet.

 

 

Fair Value at December 31, 2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds(1)

 

$

3,500

 

 

$

—

 

 

$

—

 

 

$

3,500

 

Accrued income

 

 

11

 

 

 

—

 

 

 

—

 

 

 

11

 

Total money market funds

 

$

3,511

 

 

$

—

 

 

$

—

 

 

$

3,511

 

 

(1)
Money market funds are included in cash and cash equivalents in the condensed balance sheet.

As of June 30, 2026 and December 31, 2025, the Company reported accrued interest receivable related to money market funds of $27,000 and $11,000, respectively.