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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

June 30,

 

 

Quoted Prices in Active Markets for Identical Assets
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

 

 

2024

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

    Money market funds

 

$

8,624

 

 

$

8,624

 

 

 

 

 

 

 

Total cash equivalents

 

$

8,624

 

 

$

8,624

 

 

$

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

    U.S. treasury bills

 

 

35,593

 

 

 

 

 

 

35,593

 

 

 

 

Total Short-term investments

 

$

35,593

 

 

$

 

 

$

35,593

 

 

$

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

December 31,

 

 

Quoted Prices in Active Markets for Identical Assets
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

 

 

2023

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Money market funds

 

$

11,167

 

 

$

11,167

 

 

$

 

 

$

 

    U.S. treasury bills

 

 

8,980

 

 

 

 

 

 

8,980

 

 

 

 

Total cash equivalents

 

$

20,147

 

 

$

11,167

 

 

$

8,980

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

    U.S. treasury bills

 

 

76,918

 

 

 

 

 

 

76,918

 

 

 

 

    U.S. Government Agency and foreign national bank securities

 

 

3,482

 

 

 

 

 

 

3,482

 

 

 

 

Total Short-term investments

 

$

80,400

 

 

$

 

 

$

80,400

 

 

$