Fair Value Measurements and Marketable Securities

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements and Marketable Securities

3. Fair Value Measurements and Marketable Securities

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis (in thousands):

	Fair Value Measurements at June 30, 2024 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	—	$	62,849	$	—	$	62,849
Total cash equivalents		—		62,849		—		62,849

	Fair Value Measurements at December 31, 2023 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	—	$	75,628	$	—	$	75,628
Total cash equivalents		—		75,628		—		75,628

Excluded from the tables above is cash of $0.7 million and $0.7 million as of June 30, 2024 and December 31, 2023, respectively. During the six months ended June 30, 2024, there were no transfers between Level 1, Level 2 and Level 3 categories.