Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value of Financial Instruments [Abstract]

Schedule of Financial Assets and Liabilities that are Measured and Carried at Fair Value

The following tables present the Company’s financial assets and liabilities that are measured and carried at fair value and indicate the level within the fair value hierarchy of valuation techniques it utilizes to determine such fair value:

	As of March 31, 2024
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds(a)	$	51,781	$	-	$	-	$	51,781
Restricted cash, non-current:
Money market funds(b)		745		-		-		745
Marketable debt securities:
Corporate bonds(c)		-		2,992		-		2,992
Total	$	52,526	$	2,992	$	-	$	55,518

	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds(a)	$	39,031	$	-	$	-	$	39,031
Restricted cash, non-current:
Money market funds(b)		745		-		-		745
Marketable debt securities:
Corporate bonds(c)		-		23,495		-		23,495
Agency bonds(c)		-		2,499		-		2,499
Total	$	39,776	$	25,994	$	-	$	65,770

(a) Money market funds and bonds with original maturities of 90 days or less are included within Cash and cash equivalents in the condensed consolidated balance sheets.

(b) Restricted money market funds are included within Restricted cash, non-current in the condensed consolidated balance sheets.

(c) Bonds with original maturities greater than 90 days are included within Marketable debt securities in the condensed consolidated balance sheets and classified as current or non-current based upon whether the maturity of the financial asset is less than or greater than 12 months.