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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets Carried at Fair Value on a Hierarchy Basis

The following tables set forth by level, within the fair value hierarchy, the assets carried at fair value (in thousands):

 

 

 

Fair value measurements at June 30, 2024 using

 

 

 

Active
Markets
(Level 1)

 

 

Observable
Inputs
(Level 2)

 

 

Unobservable
Inputs
(Level 3)

 

 

Total

 

Cash Equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

73,543

 

 

$

-

 

 

$

-

 

 

$

73,543

 

Government securities

 

 

161,061

 

 

 

-

 

 

 

-

 

 

 

161,061

 

Marketable Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Government securities

 

 

55,517

 

 

 

-

 

 

 

-

 

 

 

55,517

 

Total

 

$

290,121

 

 

$

-

 

 

$

-

 

 

$

290,121

 

 

 

 

Fair value measurements at December 31, 2023 using

 

 

 

Active
Markets
(Level 1)

 

 

Observable
Inputs
(Level 2)

 

 

Unobservable
Inputs
(Level 3)

 

 

Total

 

Cash Equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

52,299

 

 

$

-

 

 

$

-

 

 

$

52,299

 

Government securities

 

 

76,483

 

 

 

-

 

 

 

-

 

 

 

76,483

 

Marketable Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Government securities

 

 

58,685

 

 

 

-

 

 

 

-

 

 

 

58,685

 

Total

 

$

187,467

 

 

$

-

 

 

$

-

 

 

$

187,467