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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Summay of Financial Assets to Fair Value Measurement Valued Using Observable Inputs

As of June 30, 2024, all of the Company's financial assets that were subject to fair value measurement were valued using observable inputs. The Company's financial assets valued based on Level 1 inputs consist of cash and money market funds and U.S. treasury securities.

 

 

 

 

 

 

Fair Value Measurements at June 30, 2024

 

(in thousands)

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 Money Market Account (included in Cash and Cash Equivalents)

$

3,475

 

 

$

3,475

 

 

$

—

 

 

$

—

 

 U.S. Treasury Securities (included in Cash and Cash Equivalents)

$

20,858

 

$

20,858

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2023

 

 Money Market Account (included in Cash and Cash Equivalents)

 

$

9,079

 

 

$

9,079

 

 

$

—

 

 

$

—

 

 U.S. Treasury Securities (included in Cash and Cash Equivalents)

 

$

20,322

 

 

$

20,322

 

 

$

—

 

 

$

—