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Fair Value of Financial Instruments (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]    
Schedule of Fair Value of Company's Financial Assets
The fair value of the Company’s financial assets by level within the fair value hierarchy were as follows (in thousands):
 
    
March 31, 2022
 
    
Level 1
    
Level 2
    
Level 3
 
Money market fund (cash equivalent)
   $ 124,509      $      $  
Money market fund (long-term restricted cash)
     199                
Marketable securities:
        
Commercial paper
            50,904         
Corporate debt
            14,797         
U.S. government agency
            15,061         
Asset-backed securities
            3,007         
  
 
 
    
 
 
    
 
 
 
Total assets measured at fair value
   $ 124,708      $ 83,769      $  
  
 
 
    
 
 
    
 
 
 
 
    
December 31, 2021
 
    
Level 1
    
Level 2
    
Level 3
 
Money market fund (cash equivalent)
   $ 26,472      $      $  
Money market fund (long-term restricted cash)
     199                
Marketable securities
(1)
:
        
Commercial paper
            43,969         
Corporate debt
            17,072         
U.S. government agency
            5,053         
Asset-backed securities
            7,690         
  
 
 
    
 
 
    
 
 
 
Total assets measured at fair value
   $ 26,671      $ 73,784      $  
  
 
 
    
 
 
    
 
 
 
 
(1)
These items have been reclassified to conform to current period presentation.
The following table sets forth the fair value of the Company’s financial assets by level within the fair value hierarchy (in thousands):
 
    
December 31, 2021
 
    
Level 1
    
Level 2
    
Level 3
 
Assets
        
Money market fund (cash equivalent)
   $ 26,472      $      $  
Money market fund (long-term restricted cash)
     199                
Marketable securities
            73,784         
  
 
 
    
 
 
    
 
 
 
Total assets measured at fair value
   $ 26,671      $ 73,784      $  
  
 
 
    
 
 
    
 
 
 
 
    
December 31, 2020
 
    
Level 1
    
Level 2
    
Level 3
 
Assets
        
Money market fund (long-term restricted cash)
   $ 199      $      $  
  
 
 
    
 
 
    
 
 
 
Total assets measured at fair value
   $ 199      $      $