XML 43 R27.htm IDEA: XBRL DOCUMENT
v3.22.2

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of fair value hierarchy | The following table represents the Company’s fair value hierarchy for its financial assets and liabilities (in thousands):
| Fair Value at June 30, 2022 |  | Fair Value at December 31, 2021
Assets | Level 1 |  | Level 2 |  | Level 3 |  | Level 1 |  | Level 2 |  | Level 3
Money market funds(1) | $ | 500,885 |  |  | $ | — |  |  | $ | — |  |  | $ | 361,822 |  |  | $ | — |  |  | $ | — |
Government-backed securities(1) | — |  |  | 179,500 |  |  | — |  |  | — |  |  | 266,250 |  |  | — |
Corporate debt securities(1) | — |  |  | 594,750 |  |  | — |  |  | — |  |  | 790,672 |  |  | — |
Total cash equivalents | $ | 500,885 |  |  | $ | 774,250 |  |  | $ | — |  |  | $ | 361,822 |  |  | $ | 1,056,922 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Convertible notes payable | $ | — |  |  | $ | 323,112 |  |  | $ | — |  |  | $ | — |  |  | $ | 447,509 |  |  | $ | — |
(1)All investments are classified as cash and cash equivalents as of June 30, 2022 and December 31, 2021, on the consolidated balance sheets.

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration