Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value On A Recurring Basis

Assets measured at fair value on a recurring basis consist of the following as of December 31, 2023 (in thousands):

			Fair Value Measurements at Reporting Date Using
	December 31, 2023		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds	$	92,231	$	92,231	$	—	$	—
U.S. treasury bills	5,000		5,000		—		—
Available-for-sale securities:
Tax-exempt municipal securities	9,913		—		9,913		—
Corporate debt securities	3,123		—		3,123		—
Total assets at fair value on a recurring basis	$	110,267	$	97,231	$	13,036	$	—

Assets measured at fair value on a recurring basis consist of the following as of December 31, 2022 (in thousands):

			Fair Value Measurements at Reporting Date Using
	December 31, 2022		Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds	$	217	$	217	$	—	$	—
Available-for-sale securities:
Tax-exempt municipal securities	15,347		—		15,347		—
Corporate debt securities	6,932		—		6,932		—
Total assets at fair value on a recurring basis	$	22,496	$	217	$	22,279	$	—

Schedule of Changes in Fair Value of Level 3 Liability

Changes in the fair value of the Company’s Level 3 liabilities during the year ended December 31, 2022 were as follows (in thousands):

	December 31, 2022
Balance as of the beginning of period	$	658
Amounts paid	(658)
Balance at end of period	$	—