Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of assets measured at fair value on a recurring basis

The following table summarize the Company’s assets measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):


	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	33,562	$	—	$	—	$	33,562
Total cash equivalents	$	33,562	$	—	$	—	$	33,562
Short-term investments:
Commercial paper	$	—	$	5,969	$	—	$	5,969
Total short-term investments	—		5,969		—		5,969
Total assets measured at fair value	$	33,562	$	5,969	$	—	$	39,531

Liabilities:
Warrant liability	$	—	$	43	$	—	$	43
Earnout liability	—		—		93		93
Total liabilities measured at fair value	$	—	$	43	$	93	$	136


	December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	10,437	$	—	$	—	$	10,437
Total cash equivalents	$	10,437	$	—	$	—	$	10,437
Short-term investments:
Corporate debt securities	$	—	$	3,703	$	—	$	3,703
Total short-term investments	—		3,703		—		3,703
Total assets measured at fair value	$	10,437	$	3,703	$	—	$	14,140

Liabilities:
Warrant liability	$	—	$	440	$	—	$	440
Earnout liability	—		—		920		920
Total liabilities measured at fair value	$	—	$	440	$	920	$	1,360

Fair Value, Liabilities Measured on Recurring Basis

Changes in Level 3 liabilities related to earnout liability measured at fair value for the year ended December 31, 2023 (in thousands):


	Year Ended December 31, 2023
Balance as of December 31, 2022	$	920
Gain on change in fair value of earnout liability	(827)
Balance as of December 31, 2023	$	93