FAIR VALUE MEASUREMENT AND FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2024

FAIR VALUE MEASUREMENT AND FINANCIAL INSTRUMENTS

Schedule of carrying amounts and fair values of financial instruments

The following tables set forth the carrying amounts and fair values of the Company’s financial instruments as December 31, 2024 and 2023 (in thousands):

	December 31, 2024
					Fair Value Measurement Based on
					Quoted		Significant
					Prices In		Other		Significant
					Active		Observable		Unobservable
	Carrying				Markets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets
Money market funds (cash equivalents)	$	5,200	$	5,200	$	5,200	$	—	$	—

	December 31, 2023
					Fair Value Measurement Based on
					Quoted		Significant
					Prices In		Other		Significant
					Active		Observable		Unobservable
	Carrying				Markets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets
Money market funds (cash equivalents)	$	27,507	$	27,507	$	27,507	$	—	$	—