Annual report [Section 13 and 15(d), not S-K Item 405]

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2024

SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2024 (in thousands):


	Level 1		Level 2		Level 3		Total

Assets:
Cash equivalents:
Money market funds	$	12,151	$	—	$	—	$	12,151
Investments:
U.S. Treasury securities		—		9,467		—		9,467
U.S. government agency securities		—		22,093		—		22,093
Corporate debt securities		—		100,304		—		100,304
	$	12,151	$	131,864	$	—	$	144,015


		Level 1	Level 2		Level 3		Total

Assets:
Cash equivalents:
Money market funds	$	7,833	$	—	$	—	$	7,833
Corporate debt securities		—		1,862		—		1,862
Investments:
Corporate debt securities		—		7,182		—		7,182
	$	7,833	$	9,044	$	—	$	16,877

Liabilities:
Derivative liabilities	$	—	$	—	$	39	$	39