| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The Company’s financial assets and liabilities subject to fair value measurement on a recurring basis and the level of inputs used for such measurements were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Fair value measurements as of June 30, 2026 using | | | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Fair Value at June 30, 2026 | | Assets included in: | | | | | | | | | Cash and cash equivalents | | | | | | | | | Money market securities | $ | 59,289 | | | $ | — | | | $ | — | | | $ | 59,289 | | | | | | | | | | | Marketable securities | | | | | | | | | Corporate debt securities | — | | | 28,942 | | | — | | | 28,942 | | | Government and agency - U.S. | — | | | 21,812 | | | — | | | 21,812 | | | Total fair value | $ | 59,289 | | | $ | 50,754 | | | $ | — | | | $ | 110,043 | | | Liabilities included in: | | | | | | | | | Debt, long-term | | | | | | | | | Embedded derivatives liability | $ | — | | | $ | — | | | $ | 1,130 | | | $ | 1,130 | | | Total fair value | $ | — | | | $ | — | | | $ | 1,130 | | | $ | 1,130 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Fair value measurements as of December 31, 2025 using | | | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Fair Value at December 31, 2025 | | Assets included in: | | | | | | | | | Cash and cash equivalents | | | | | | | | | Money market securities | $ | 53,708 | | | $ | — | | | $ | — | | | $ | 53,708 | | | Marketable securities | | | | | | | | | Corporate debt securities | — | | | 62,876 | | | — | | | 62,876 | | | | | | | | | | | | | | | | | | | Total fair value | $ | 53,708 | | | $ | 62,876 | | | $ | — | | | $ | 116,584 | | | Liabilities included in: | | | | | | | | | Debt, long-term | | | | | | | | | Embedded derivatives liability | $ | — | | | $ | — | | | $ | 1,430 | | | $ | 1,430 | | | Total fair value | $ | — | | | $ | — | | | $ | 1,430 | | | $ | 1,430 | |
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| Schedule of the Fair Value using Level 3 Significant Unobservable Inputs |
The following table presents changes in Level 3 liabilities measured at fair value for the six months ended June 30, 2026 (in thousands): | | | | | | | Balance, December 31, 2025 | $ | 1,430 | | | Change in fair value of embedded derivatives | (300) | | | Balance, June 30, 2026 | $ | 1,130 | |
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