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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis and Level of Fair Value Hierarchy Utilized

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

Fair value measurements as of

December 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

111,927

 

 

$

 

 

$

 

 

$

111,927

 

Total

 

$

111,927

 

 

$

 

 

$

 

 

$

111,927

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

34,527

 

 

$

 

 

$

34,527

 

Commercial paper

 

$

 

 

$

7,978

 

 

$

 

 

$

7,978

 

US Government debt securities

 

$

 

 

$

73,534

 

 

$

 

 

$

73,534

 

Total

 

$

 

 

$

116,039

 

 

$

 

 

$

116,039

 

 

 

 

Fair value measurements as of

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

144,897

 

 

$

 

 

$

 

 

$

144,897

 

Total

 

$

144,897

 

 

$

 

 

$

 

 

$

144,897

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

17,524

 

 

$

 

 

$

17,524

 

Commercial paper

 

$

 

 

$

27,487

 

 

$

 

 

$

27,487

 

US Government debt securities

 

$

 

 

$

29,904

 

 

$

 

 

$

29,904

 

Total

 

$

 

 

$

74,915

 

 

$

 

 

$

74,915