Fair value measurement (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of the Company's Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023, based on the three-tier fair value hierarchy:

(In thousands)

As of March 31, 2024	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market accounts	$	16,260	$	-	$	-	$	16,260
Available-for-sale securities:
U.S. government securities	5,891		-		-		5,891
Corporate debt securities	-		7,847		-		7,847
Other debt securities	-		2,663		-		2,663
Total	$	22,151	$	10,510	$	-	$	32,661
As of December 31, 2023
Assets:
Cash equivalents:
Money market accounts	$	25,034	$	-	$	-	$	25,034
Available-for-sale securities:
U.S. government securities	5,170		-		-		5,170
Corporate debt securities	-		9,674		-		9,674
Other debt securities	-		1,992		-		1,992
Total	$	30,204	$	11,666	$	-	$	41,870

Schedule of the Changes in Fair Value of Contingent Consideration Liabilities

The following table presents the changes in fair value of contingent consideration liabilities that are measured using Level 3 inputs for the three months ended March 31, 2023. There was no contingent consideration liability outstanding as of March 31, 2024.

	Three Months Ended March 31,
(In thousands)	2023
Balance at beginning of period	$	4,456
Change in fair value recognized in net loss	720
Balance at end of period	$	5,176