Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Debt Securities, Available-for-Sale

The following table summarizes the Company’s marketable securities financial assets that are measured at fair value on a recurring basis:

	As of December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Cash equivalents (1)
Level 1:
Overnight repurchase agreements	$	28,593	$	-	$	-	$	28,593
Money market funds	723		-		-		723
Level 1 total	29,316		$	—	$	—	29,316
Marketable securities
Level 2:
Corporate bonds	13,678		191		(9)		13,860
U.S. Treasury securities	21,318		211				21,529
Level 2 total	34,996		402		(9)		35,389
Total	$	64,312	$	402	$	(9)	$	64,705

	As of December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Cash equivalents (1)
Level 1:
Money market funds	$	109	$	-	$	-	$	109
Marketable securities
Level 2:
Corporate bonds	7,742		6		(125)		7,623
U.S. Treasury securities	2,226		6		(4)		2,228
Level 2 total	9,968		12		(129)		9,851
Total	$	10,077	$	12	$	(129)	$	9,960

(1)Included in cash and cash equivalents in the consolidated balance sheets at December 31, 2023 and 2022.

The fair value of the Company’s marketable securities as of December 31, 2023, by remaining contractual maturities, were as follows:

	Corporate Bonds		U.S. Treasuries		Total
Due in one year or less	$	5,216	$	17,828	$	23,044
Due in one to five years	8,644		3,701		12,345
Total	$	13,860	$	21,529	$	35,389