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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Summary of Financial Assets And Liabilities Measured at Fair Value on a Recurring Basis

The following fair value hierarchy table presents information about each major category of the Company’s financial assets and liabilities measured at fair value on a recurring basis (in thousands):

 

 

September 30, 2024

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

334,181

 

 

$

 

 

$

 

 

$

334,181

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

 

 

$

 

 

$

613

 

 

$

613

 

 

 

 

December 31, 2023

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

21,061

 

 

$

 

 

$

 

 

$

21,061

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Convertible promissory notes embedded derivative liability

 

$

 

 

$

 

 

$

18,183

 

 

$

18,183

 

Warrant liability

 

 

 

 

 

 

 

 

229

 

 

 

229

 

Total liabilities

 

$

 

 

$

 

 

$

18,412

 

 

$

18,412