Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value and Fair Value Hierarchy of Valuation

The following table presents information about the Company’s financial assets that are measured at fair value and indicates the fair value hierarchy of the valuation:

	September 30, 2023
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Cash equivalents:
Money market funds	$	17,236	$	17,236	$	—	$	—
Total cash equivalents		17,236		17,236	$	—	$	—
Short-term marketable securities:
U.S. government securities		13,870		13,870		—		—
Total cash equivalents and marketable securities	$	31,106	$	31,106	$	—	$	—
Liabilities
Derivative liability	$	1,029	$	—	$	—	$	1,029
Total liabilities	$	1,029	$	—	$	—	$	1,029

	December 31, 2022
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Cash equivalents:
Money market funds	$	45,963	$	45,963	$	—	$	—
Short-term marketable securities:
U.S. government securities		1,498		—		1,498		—
Total cash equivalents and marketable securities	$	47,461	$	45,963	$	1,498	$	—