FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company’s financial assets and liabilities subject to fair value measurement on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):


	Fair value measurements as of March 31, 2026 using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2026
Assets included in:
Cash and cash equivalents
Money market securities	$	51,420	$	—	$	—	$	51,420

Marketable securities
Corporate debt securities	—		47,036		—		47,036
Government and agency - U.S.	—		29,566		—		29,566
Total fair value	$	51,420	$	76,602	$	—	$	128,022
Liabilities included in:
Debt, long-term
Embedded derivatives liability	$	—	$	—	$	970	$	970
Total fair value	$	—	$	—	$	970	$	970


	Fair value measurements as of December 31, 2025 using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at December 31, 2025
Assets included in:
Cash and cash equivalents
Money market securities	$	53,708	$	—	$	—	$	53,708
Marketable securities
Corporate debt securities	—		62,876		—		62,876


Total fair value	$	53,708	$	62,876	$	—	$	116,584
Liabilities included in:
Debt, long-term
Embedded derivatives liability	$	—	$	—	$	1,430	$	1,430
Total fair value	$	—	$	—	$	1,430	$	1,430

Schedule of the Fair Value using Level 3 Significant Unobservable Inputs

The following table presents changes in Level 3 liabilities measured at fair value for the three months ended March 31, 2026 (in thousands):


Balance, December 31, 2025	$	1,430
Change in fair value of embedded derivatives	(460)
Balance, March 31, 2026	$	970