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Fair Value of Assets and Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2022 and December 31, 2021 (in thousands):
Description |  | March 31, 2022 |  |  | Quoted prices active markets for identical assets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant other observable inputs (Level 3) |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 105,382 |  |  | $ | 105,382 |  |  | $ | — |  |  | $ | — |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  |  | 11,877 |  |  |  | — |  |  |  | 11,877 |  |  |  | — |
Corporate bonds |  |  | 7,041 |  |  |  | — |  |  |  | 7,041 |  |  |  | — |
U.S. Government agencies |  |  | 5,981 |  |  |  | — |  |  |  | 5,981 |  |  |  | — |
Total financial assets |  | $ | 130,281 |  |  | $ | 105,382 |  |  | $ | 24,899 |  |  | $ | — |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Warrant Liability |  | $ | 127 |  |  | $ | — |  |  | $ | — |  |  | $ | 127 |
Total financial liabilities |  | $ | 127 |  |  | $ | — |  |  | $ | — |  |  | $ | 127 |
Description |  | December 31, 2021 |  |  | Quoted prices active markets for identical assets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant other observable inputs (Level 3) |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 24,063 |  |  | $ | 24,063 |  |  | $ | — |  |  | $ | — |
Total financial assets |  | $ | 24,063 |  |  | $ | 24,063 |  |  | $ | — |  |  | $ | — |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Warrant Liability |  | $ | 83 |  |  | $ | — |  |  | $ | — |  |  | $ | 83 |
Total financial liabilities |  | $ | 83 |  |  | $ | — |  |  | $ | — |  |  | $ | 83 |
Summary of Changes in Fair Value of Common Stock Warrants | The following table set forth a summary of changes in the fair value of the common stock warrants, which represents a recurring fair value measurement that is classified within Level 3 of the fair value hierarchy. Changes in fair value are recognized in other (expense) income as “Change in fair value of warrant liability” in the Company’s unaudited condensed consolidated statements of operations and comprehensive loss (in thousands):
Common Stock (12,686 warrants) |  |  |  |
Fair value at December 31, 2021 |  | $ |  | 83 |
Change in fair value |  |  |  | 44 |
Fair value at March 31, 2022 |  | $ |  | 127 |

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- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 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 (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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