Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value of Financial Assets and Liabilities

Schedule of financial assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements as of
	March 31, 2024 using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	43,028	$	—	$	—	$	43,028
Marketable securities:
Corporate debt securities and commercial paper		—		147,771		—		147,771
Total	$	43,028	$	147,771	$	—	$	190,799
Liabilities:
Derivative liability	$	—	$	—	$	660	$	660
Total	$	—	$	—	$	660	$	660

	Fair Value Measurements as of
	December 31, 2023 using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Commercial paper	$	—	$	—	$	—	$	—
Money market funds		40,868		4,979		—		45,847
Marketable securities:
Corporate debt securities and commercial paper		—		215,765		—		215,765
Total	$	40,868	$	220,744	$	—	$	261,612
Liabilities:
Derivative liability	$	—	$	—	$	1,150	$	1,150
Total	$	—	$	—	$	1,150	$	1,150

Schedule of fair value net derivative asset liability measured on recurring Basis

	Three months ended
	March 31,
	2024		2023
Beginning aggregate estimated fair value of Level 3 liabilities	$	1,150	$	1,340
Initial recording of embedded derivative		—		—
Change in fair value of embedded derivative		(490)		(50)
Ending aggregate estimated fair value of Level 3 liabilities	$	660	$	1,290

Schedule of marketable securities

	March 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Assets
Corporate debt securities and commercial paper (due within 1 year)	$	147,742	$	51	$	(22)	$	147,771
	$	147,742	$	51	$	(22)	$	147,771

	December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Assets
Corporate debt securities and commercial paper (due within 1 year)	$	215,490	$	282	$	(7)	$	215,765
	$	215,490	$	282	$	(7)	$	215,765