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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value

A summary of the assets that are measured at fair value as of December 31, 2024 and 2023 is as follows (in thousands):

 

 

Fair Value Measurement at
December 31, 2024

 

Assets:

 

Carrying
Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)

 

 

Significant
other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Money market funds(1)

 

$

5,926

 

 

$

5,926

 

 

$

—

 

 

$

—

 

Debt securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

5,926

 

 

$

5,926

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement at
December 31, 2023

 

Assets:

 

Carrying
Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)

 

 

Significant
other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Money market funds(1)

 

$

13,610

 

 

$

13,610

 

 

$

—

 

 

$

—

 

Debt securities

 

 

11,686

 

 

 

—

 

 

 

11,686

 

 

 

—

 

Total

 

$

25,296

 

 

$

13,610

 

 

$

11,686

 

 

$

—

 
(1)
Money market funds with maturities of 90 days or less at the date of purchase are included within cash and cash equivalents in the accompanying consolidated balance sheets and are recognized at fair value.