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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2024 using:

 

 

 

Active
Markets
(Level 1)

 

 

Observable
Inputs
(Level 2)

 

 

Unobservable
Inputs
(Level 3)

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents – money market funds

 

$

169,744

 

 

$

-

 

 

$

-

 

 

$

169,744

 

Marketable securities – government securities

 

 

111,421

 

 

 

-

 

 

 

-

 

 

 

111,421

 

Total financial assets

 

$

281,165

 

 

$

-

 

 

$

-

 

 

$

281,165

 

 

 

 

Fair value measurements at December 31, 2023 using:

 

 

 

Active
Markets
(Level 1)

 

 

Observable
Inputs
(Level 2)

 

 

Unobservable
Inputs
(Level 3)

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents – money market funds

 

$

52,299

 

 

$

-

 

 

$

-

 

 

$

52,299

 

Cash equivalents – government securities

 

 

76,483

 

 

 

-

 

 

 

-

 

 

 

76,483

 

Marketable securities – government securities

 

 

58,685

 

 

 

-

 

 

 

-

 

 

 

58,685

 

Total financial assets

 

$

187,467

 

 

$

-

 

 

$

-

 

 

$

187,467