Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value of Financial Instruments [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables set forth the Company’s fair value hierarchy for assets and liabilities measured at fair value as of December 31, 2023 and 2022 (in thousands):

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash equivalents:
Money market funds	$	50,226	$	-	$	-	$	50,226
U.S. Treasury securities		59,654		-		-		59,654
Commercial paper		-		19,436		-		19,436
Marketable securities:
U.S. Treasury securities		82,640		-		-		82,640
Commercial paper		-		41,236		-		41,236
Total assets at fair value on a recurring basis	$	192,520	$	60,672	$	-	$	253,192
Liabilities:
Public Warrants	$	1,227	$	-	$	-	$	1,227
Private Warrants		-		-		47		47
Total liabilities at fair value on a recurring basis	$	1,227	$	-	$	47	$	1,274

	December 31, 2022
Financial Assets:
Cash equivalents:
Money market funds	$	83,079	$	-	$	-	$	83,079
Marketable securities		266,990		-		-		266,990
Total assets at fair value on a recurring basis	$	350,069	$	-	$	-	$	350,069
Liabilities:
Public Warrants	$	958	$	-	$	-	$	958
Private Warrants		-		-		38		38
Total liabilities at fair value on a recurring basis	$	958	$	-	$	38	$	996