Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value, Option, Quantitative Disclosures [Line Items]

Schedule of company's assets that are measured at fair value on a recurring basis

The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis:

	Fair value measurement at reporting date
(in thousands)	(Level 1)		(Level 2)		(Level 3)
June 30, 2024
Assets:
Cash equivalents:
Money market accounts	$	11,849	$	—	$	—
Marketable securities:
Corporate bonds	$	—	$	4,565	$	—
U.S. agency securities	$	—	$	649	$	—
Liabilities:
Contingent shares liability from fSight acquisition	$	132	$	—	$	—
December 31, 2023
Assets:
Cash equivalents:
Money market accounts	$	1,646	$	—	$	—
Marketable securities:
Corporate bonds	$	—	$	19,489	$	—
U.S. agency securities	$	—	$	9,294	$	—
Liabilities:
Contingent shares liability from fSight acquisition	$	527	$	—	$	—

During the three and six months ended June 30, 2024, there were no transfers between Level 1, Level 2 and Level 3.

Schedule of changes in fair value of the company's marketable securities

The following is a summary of the changes in fair value of the Company’s marketable securities as of June 30, 2024, and December 31, 2023, respectively:

	As of June 30, 2024
(in thousands)	Amortized cost		Unrealized gain		Unrealized loss			Fair value
Available-for-sale marketable securities:
Current assets
Corporate bonds	$	4,586	$	—	$	(21	)	$	4,565
U.S. agency securities		651		—	$	(2	)		649
Total		5,237		—		(23	)		5,214

	As of December 31, 2023
(in thousands)	Amortized cost		Unrealized gain		Unrealized loss			Fair value
Available-for-sale marketable securities:
Current assets
Corporate bonds	$	17,561	$	2	$	(52	)	$	17,511
U.S. agency securities		9,300		2	$	(7	)		9,295
Total		26,861		4		(59	)		26,806
Long-term assets
Corporate bonds		1,981		3		(7	)		1,977
Total		1,981		3		(7	)		1,977
Total available-for-sale marketable securities	$	28,842	$	7	$	(66	)	$	28,783