FAIR VALUE MEASUREMENT AND FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2025

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 of March 31, 2025 and December 31, 2024 (in thousands):

	March 31, 2025
					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)	$	5,252	$	5,252	$	5,252	$	—	$	—

	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	$	—	$	—