XML 27 R20.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis:

 

 

Fair value measurement at reporting date using

 

(in thousands)

 

Quoted prices
in active
markets for
identical
assets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

 

Significant
unobservable
inputs
(Level 3)

 

June 30, 2024

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

    Money Market Funds

 

$

5,164

 

 

$

—

 

 

$

—

 

    U.S. government securities

 

 

—

 

 

 

21,383

 

 

 

—

 

Total cash equivalents

 

 

5,164

 

 

 

21,383

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

    Agency securities

 

 

—

 

 

 

8,453

 

 

 

—

 

    Corporate debt securities

 

 

—

 

 

 

56,531

 

 

 

—

 

    U.S. government securities

 

 

—

 

 

 

87,032

 

 

 

—

 

Total marketable securities

 

 

—

 

 

 

152,016

 

 

 

—

 

Total financial assets

 

$

5,164

 

 

$

173,399

 

 

$

—

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

    Money Market Funds

 

$

24,369

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

    Agency securities

 

$

—

 

 

$

10,450

 

 

$

—

 

    Corporate debt securities

 

 

—

 

 

 

67,979

 

 

 

—

 

    U.S. government securities

 

 

—

 

 

 

129,215

 

 

 

—

 

Total marketable securities

 

 

—

 

 

 

207,644

 

 

 

—

 

Total financial assets

 

$

24,369

 

 

$

207,644

 

 

$

—