XML 42 R19.htm IDEA: XBRL DOCUMENT
v3.23.1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS. |
SCHEDULE OF FAIR VALUE INSTRUMENTS | The following tables summarize the Company’s financial assets measured at fair value on a recurring basis and their respective input levels based on the fair value hierarchy (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Active Markets | ​ | Significant Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | for Identical | ​ | Observable | ​ | Unobservable
​ | ​ | December 31, | ​ | Assets | ​ | Inputs | ​ | Inputs
​ |  | 2022 |  | (Level 1) |  | (Level 2) |  | (level 3)
Assets: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Cash equivalents |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Money market funds | ​ | $ | 18,436 | ​ | $ | 18,436 | ​ | $ | — | ​ | $ | —
Total cash equivalents | ​ |  | 18,436 | ​ |  | 18,436 | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Short-term investments | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial paper | ​ |  | 55,577 | ​ |  | — | ​ |  | 55,577 | ​ |  | —
U.S. Treasury bills | ​ |  | 26,841 | ​ |  | 26,841 | ​ |  | — | ​ |  | —
Agency bonds | ​ |  | 24,405 | ​ |  | — | ​ |  | 24,405 | ​ |  | —
Total short-term investments | ​ |  | 106,823 | ​ |  | 26,841 | ​ |  | 79,982 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total fair value of assets | ​ | $ | 125,259 | ​ | $ | 45,277 | ​ | $ | 79,982 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ |  | ​ | ​ |  | Quoted Prices in | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Active Markets |  | Significant Other | ​ | Significant
​ |  | ​ | ​ |  | for Identical |  | Observable | ​ | Unobservable
​ |  | December 31, |  | Assets |  | Inputs | ​ | Inputs
​ |  | 2021 |  | (Level 1) |  | (Level 2) |  | (level 3)
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 39,653 | ​ | $ | 39,653 | ​ | $ | — | ​ | $ | —
Commercial paper | ​ |  | 14,448 | ​ |  | — | ​ |  | 14,448 | ​ |  | —
Total cash equivalents | ​ |  | 54,101 | ​ |  | 39,653 | ​ |  | 14,448 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Short-term investments | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
U.S. Treasury bills | ​ |  | 25,135 | ​ |  | 25,135 | ​ |  | — | ​ |  | —
Corporate debt securities | ​ |  | 10,715 | ​ |  | — | ​ |  | 10,715 | ​ |  | —
Commercial paper | ​ |  | 77,328 | ​ |  | — | ​ |  | 77,328 | ​ |  | —
Total short-term investments | ​ |  | 113,178 | ​ |  | 25,135 | ​ |  | 88,043 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total fair value of assets | ​ | $ | 167,279 | ​ | $ | 64,788 | ​ | $ | 102,491 | ​ | $ | —
​
SUMMARY OF SHORT TERM INVESTMENT | The following tables summarize the Company’s short-term investments (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | As of December 31, 2022 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​ |
​ | ​ | ​ | ​ | Amortized | ​ | unrealized | ​ | unrealized | ​ | Estimated fair |
​ |  | Maturity |  | cost |  | gains |  | losses |  | value |
Commercial paper |  | 1 year or less |  | ​ | 55,645 | ​ | ​ | 16 | ​ | ​ | (84) |  | ​ | 55,577 | ​
U.S. Treasury bills |  | 2 years or less |  | ​ | 27,108 |  | ​ | — |  | ​ | (267) |  | ​ | 26,841 | ​
Agency bond |  | 2 years or less |  | ​ | 24,536 |  | ​ | 2 |  | ​ | (133) |  | ​ | 24,405 | ​
​ | ​ | ​ | ​ | $ | 107,289 | ​ | $ | 18 | ​ | $ | (484) | ​ | $ | 106,823 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | As of December 31, 2021 | ​
​ |  | ​ |  | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​ | ​
​ |  | ​ |  | Amortized |  | unrealized | ​ | unrealized | ​ | Estimated fair | ​
​ |  | Maturity |  | cost |  | gains |  | losses |  | value | ​
Corporate debt securities |  | 1 year or less | ​ | $ | 10,726 | ​ | $ | — | ​ | $ | (11) | ​ | $ | 10,715 | ​
Commercial paper |  | 1 year or less | ​ |  | 77,328 | ​ |  | 9 | ​ |  | (9) | ​ |  | 77,328 | ​
U.S. Treasury bills |  | 2 years or less | ​ |  | 25,183 | ​ |  | — | ​ |  | (48) | ​ |  | 25,135 | ​
​ | ​ | ​ | ​ | $ | 113,237 | ​ | $ | 9 | ​ | $ | (68) | ​ | $ | 113,178 | ​
​
SCHEDULE OF SHORT-TERM INVESTMENTS WITH UNREALIZED LOSSES | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2022
​ | ​ | Less than 12 months | ​ | 12 months or Greater | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | Unrealized | ​ | Total | ​ | Total Unrealized
​ |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value | ​ | Losses
Commercial paper | $ | 34,928 |  | $ | (84) | ​ | $ | — | ​ | $ | — |  | $ | 34,928 | ​ | $ | (84)
U.S. Treasury bills |  | 1,971 |  | ​ | (6) |  | ​ | 24,833 |  | ​ | (261) |  | ​ | 26,804 | ​ | ​ | (267)
Agency bond |  | 22,964 |  | ​ | (133) |  | ​ | — |  | ​ | — |  | ​ | 22,964 | ​ | ​ | (133)
​ | $ | 59,863 | ​ | $ | (223) | ​ | $ | 24,833 | ​ | $ | (261) | ​ | $ | 84,696 | ​ | $ | (484)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2021
​ | ​ | Less than 12 months | ​ | 12 months or Greater | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | Unrealized | ​ | Total | ​ | Total Unrealized
​ |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value | ​ | Losses
Corporate debt securities | $ | 10,757 |  | $ | (11) | ​ | $ | — | ​ | $ | — |  | $ | 10,757 | ​ | $ | (11)
Commercial paper |  | 33,204 |  | ​ | (9) |  | ​ | — |  | ​ | — |  | ​ | 33,204 | ​ | ​ | (9)
U.S. Treasury bills |  | 25,194 |  | ​ | (48) |  | ​ | — |  | ​ | — |  | ​ | 25,194 | ​ | ​ | (48)
​ | $ | 69,155 | ​ | $ | (68) | ​ | $ | — | ​ | $ | — | ​ | $ | 69,155 | ​ | $ | (68)
​

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
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

X
- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration