FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2026

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 September 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 September 30, 2026
Assets included in:
Cash and cash equivalents
Money market securities	$	52,794	$	—	$	—	$	52,794

Marketable securities
Corporate debt securities	—		16,642		—		16,642
Government and agency - U.S.	—		8,887		—		8,887
Total fair value	$	52,794	$	25,529	$	—	$	78,323
Liabilities included in:
Debt, long-term
Embedded derivatives liability	$	—	$	—	$	480	$	480
Total fair value	$	—	$	—	$	480	$	480


	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

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 nine months ended September 30, 2026 (in thousands):


Balance, December 31, 2025	$	1,430
Change in fair value of embedded derivatives	(950)
Balance, September 30, 2026	$	480