Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.24.1
Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Value of Financial Instrument

The estimated fair values of financial instruments outstanding were (in thousands):

 

    December 31, 2023  
          Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
Short-term investments   $ 12,845     $ 48     $ —     $ 12,893  
Total   $ 12,845     $ 48     $ —     $ 12,893  

 

    December 31, 2022  
          Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
Short-term investments   $ 10,866     $ —     $ (30 )   $ 10,836  
Total   $ 10,866     $ —     $ (30 )   $ 10,836  
Schedule of Fair Value Hierarchy Financial Assets

The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and short-term investments, in thousands):

 

    Fair Value     Level 1     Level 2     Level 3  
    December 31, 2023  
    Fair Value     Level 1     Level 2     Level 3  
Money market funds   $ 443     $ 443     $ —     $ —  
Corporate notes and commercial paper     12,893       —       12,893       —  
Total financial assets   $ 13,336     $ 443     $ 12,893     $ —  

 

    Fair Value     Level 1     Level 2     Level 3  
    December 31, 2022  
    Fair Value     Level 1     Level 2     Level 3  
Money market funds   $ 5,505     $ 5,505     $ —     $ —  
Corporate notes and commercial paper     10,836       —       10,836       —  
Total financial assets   $ 16,341     $ 5,505     $ 10,836     $ —