Marketable Securities

9 Months Ended

Sep. 30, 2023

Marketable Securities [Abstract]

Marketable securities

3. Marketable securities

The following is summary of marketable securities that the Company measures at fair value (in thousands):

	Fair Value at September 30, 2023
	Level 1		Level 2		Level 3		Total
U.S. government agencies	$	-	$	751	$	-	$	751
Corporate and foreign bonds		-		1,215		-		1,215
Money market funds(1)		847		-		-		847
Accrued income		20		-		-		20
Total marketable securities	$	867	$	1,966	$	-	$	2,833

⁽¹⁾ Money market funds are included in cash and cash equivalents in the condensed balance sheet.

	Fair Value at December 31, 2022
	Level 1		Level 2		Level 3		Total
U.S. Treasury obligations	$	97	$	-	$	-	$	97
U.S. government agencies		-		1,250		-		1,250
Corporate and foreign bonds		-		7,808		-		7,808
Money market funds(1)		607		-		-		607
Accrued income		65		-		-		65
Total marketable securities	$	769	$	9,058	$	-	$	9,827

⁽¹⁾ Money market funds are included in cash and cash equivalents in the condensed balance sheet.

As of both September 30, 2023 and December 31, 2022, the Company reported accrued interest receivable related to marketable securities of less than $0.1 million. These amounts are recorded in other assets on the condensed balance sheets and are not included in the carrying value of the marketable securities.