Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following is a summary of assets and liabilities measured at fair value on a recurring basis (in thousands):

	March 31, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash	$	18,788	$	—	$	—	$	18,788	$	6,609	$	—	$	—	$	6,609
Cash equivalents	206,788		—		—		206,788		250,613		—		—		250,613
Total cash and cash equivalents	$	225,576	$	—	$	—	$	225,576	$	257,222	$	—	$	—	$	257,222
Loan facility derivative liability	$	—	$	—	$	1,914	$	1,914	$	—	$	—	$	1,886	$	1,886

Schedule of Derivative Liabilities at Fair Value

The following table sets forth a summary of the changes in the estimated fair value of the Company’s loan facility derivative liability, classified as Level 3 (in thousands):

	Three Months Ended March 31,
	2024		2023
Beginning of the period	$	1,886	$	1,779
Change in fair value	28		26
End of the period	$	1,914	$	1,805