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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2023
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following is a summary of assets and liabilities measured at fair value on a recurring basis (in thousands):
| September 30, 2023 |  |
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash | $ | 9,303 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,303 |  |  |  |  |  |  |  |  |
Cash equivalents | 277,784 |  |  | — |  |  | — |  |  | $ | 277,784 |  |  |  |  |  |  |  |  |
Total cash and cash equivalents | $ | 287,087 |  |  | $ | — |  |  | $ | — |  |  | $ | 287,087 |  |  |  |  |  |  |  |  |
Loan facility derivative liability | $ | — |  |  | $ | — |  |  | $ | 1,859 |  |  | $ | 1,859 |  |  |  |  |  |  |  |  |
| December 31, 2022 |  |
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash | $ | 8,870 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,870 |  |  |  |  |  |  |  |  |
Cash equivalents | 212,989 |  |  | — |  |  | — |  |  | 212,989 |  |  |  |  |  |  |  |  |
Total cash and cash equivalents | $ | 221,859 |  |  | $ | — |  |  | $ | — |  |  | $ | 221,859 |  |  |  |  |  |  |  |  |
Loan facility derivative liability | $ | — |  |  | $ | — |  |  | $ | 1,779 |  |  | $ | 1,779 |  |  |  |  |  |  |  |  |
Schedule of Derivative Liabilities at Fair Value | The following table sets forth a summary of the changes in the estimated fair value of the Company’s loan facility derivative liability, classified as Level 3 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |
Beginning of the period | $ | 1,832 |  |  | $ | 1,570 |  |  | $ | 1,779 |  |  | $ | 1,496 |  |  |  |
Change in fair value | 27 |  |  | 39 |  |  | 80 |  |  | 113 |  |  |  |
End of the period | $ | 1,859 |  |  | $ | 1,609 |  |  | $ | 1,859 |  |  | $ | 1,609 |  |  |  |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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