| Summary of fair value of the Company's financial assets |
The following tables set forth the fair value of the Company’s financial assets by level within the fair value hierarchy as of June 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | | | | | | Significant | | | | | | | | | Quoted Prices in | | Other | | | | | | | | | Active Markets or | | Observable | | Significant | | | | | | Identical Assets | | Inputs | | Unobservable | (in thousands) | | Total | | (Level 1) | | (Level 2) | | (Level 3) | Cash equivalents: | | | | | | | | | | | | | Money market funds | | $ | 14,760 | | $ | 14,760 | | $ | — | | $ | — | Marketable securities: | | | | | | | | | | | | | Corporate bonds | | | 4,828 | | | — | | | 4,828 | | | — | Total | | $ | 19,588 | | $ | 14,760 | | $ | 4,828 | | $ | — |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | Significant | | | | | | | | | Quoted Prices in | | Other | | | | | | | | | Active Markets or | | Observable | | Significant | | | | | | Identical Assets | | Inputs | | Unobservable | (in thousands) | | Total | | (Level 1) | | (Level 2) | | (Level 3) | Cash equivalents: | | | | | | | | | | | | | Money market funds | | $ | 25,420 | | $ | 25,420 | | $ | — | | $ | — | Marketable securities: | | | | | | | | | | | | | Corporate bonds | | | 15,836 | | | — | | | 15,836 | | | — | Total | | $ | 41,256 | | $ | 25,420 | | $ | 15,836 | | $ | — |
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The following tables set forth the fair value of the Company’s financial assets by level within the fair value hierarchy as of December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | Significant | | | | | | | | | Quoted Prices in | | Other | | | | | | | | | Active Markets or | | Observable | | Significant | | | | | | Identical Assets | | Inputs | | Unobservable | (in thousands) | | Total | | (Level 1) | | (Level 2) | | (Level 3) | Cash equivalents: | | | | | | | | | | | | | Money market funds | | $ | 25,420 | | $ | 25,420 | | $ | — | | $ | — | Marketable securities: | | | | | | | | | | | | | Corporate bonds | | | 15,836 | | | — | | | 15,836 | | | — | Total | | $ | 41,256 | | $ | 25,420 | | $ | 15,836 | | $ | — |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | Significant | | | | | | | | | Quoted Prices in | | Other | | | | | | | | | Active Markets or | | Observable | | Significant | | | | | | Identical Assets | | Inputs | | Unobservable | (in thousands) | | Total | | (Level 1) | | (Level 2) | | (Level 3) | Cash equivalents: | | | | | | | | | | | | | Money market funds | | $ | 27,057 | | $ | 27,057 | | $ | — | | $ | — | Marketable securities: | | | | | | | | | | | | | Corporate bonds | | | 32,517 | | | — | | | 32,517 | | | — | U.S. Treasury and Government agencies | | | 8,377 | | | — | | | 8,377 | | | — | Total | | $ | 67,951 | | $ | 27,057 | | $ | 40,894 | | $ | — |
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