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Fair Value Measurements
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 4. Fair Value Measurements

The following tables set forth the fair value of the Company’s financial assets measured at fair value as of December 31, 2022 and December 31, 2021 in accordance with the fair value hierarchy (in thousands):

 

 

 

December 31, 2022

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

243,387

 

 

$

 

 

$

 

 

$

243,387

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

 

 

 

3,000

 

 

 

 

 

$

3,000

 

Non-US Treasury securities

 

 

 

 

 

1,890

 

 

 

 

 

$

1,890

 

Total assets measured at fair value

 

$

243,387

 

 

$

4,890

 

 

$

 

 

$

248,277

 

 

 

 

December 31, 2021

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

248,744

 

 

$

 

 

$

 

 

$

248,744

 

Total assets measured at fair value

 

$

248,744

 

 

$

 

 

$

 

 

$

248,744

 

 

During the year ended December 31, 2022 and 2021, there were no transfers of assets or liabilities between Level 1, Level 2 and Level 3 of the fair value hierarchy.