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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value

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

 

 

 

 

 

 

Fair Value Measurements at Reporting Date
Using

 

Description

 

March 31,
2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash equivalents)

 

$

18,724

 

 

$

18,724

 

 

$

—

 

 

$

—

 

U.S. government agency debt securities

 

 

30,103

 

 

 

—

 

 

 

30,103

 

 

 

—

 

U.S. Treasury securities

 

 

28,827

 

 

 

28,827

 

 

 

—

 

 

 

—

 

Total assets

 

$

77,654

 

 

$

47,551

 

 

$

30,103

 

 

$

—

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date
Using

 

Description

 

December 31,
2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash equivalents)

 

$

20,273

 

 

$

20,273

 

 

$

—

 

 

$

—

 

U.S. government agency debt securities

 

 

39,546

 

 

 

—

 

 

 

39,546

 

 

 

—

 

U.S. Treasury securities

 

 

52,460

 

 

 

52,460

 

 

 

—

 

 

 

—

 

Total assets

 

$

112,279

 

 

$

72,733

 

 

$

39,546

 

 

$

—