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Description of Organization and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Schedule of Fair Value Measurements

The Company’s fair value measurements as of September 30, 2023 and December 31, 2022 was as follows (in thousands):

 

 

 

September 30, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

50,308

 

 

$

 

 

$

 

 

$

50,308

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

31,737

 

 

 

 

 

 

 

 

 

31,737

 

Commercial paper

 

 

 

 

 

3,222

 

 

 

 

 

 

3,222

 

Corporate bonds

 

 

 

 

 

2,000

 

 

 

 

 

 

2,000

 

U.S. government agency debt securities

 

 

 

 

 

13,121

 

 

 

 

 

 

13,121

 

Total marketable securities

 

 

31,737

 

 

 

18,343

 

 

 

 

 

 

50,080

 

Total assets

 

$

82,045

 

 

$

18,343

 

 

$

 

 

$

100,388

 

 

 

December 31, 2022

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

27,472

 

 

$

 

 

$

 

 

$

27,472

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

30,451

 

 

 

 

 

 

 

 

 

30,451

 

Commercial paper

 

 

 

 

 

29,543

 

 

 

 

 

 

29,543

 

Corporate bonds

 

 

 

 

 

16,626

 

 

 

 

 

 

16,626

 

U.S. government agency debt securities

 

 

 

 

 

3,361

 

 

 

 

 

 

3,361

 

Total marketable securities

 

 

30,451

 

 

 

49,530

 

 

 

 

 

 

79,981

 

Total assets

 

$

57,923

 

 

$

49,530

 

 

$

 

 

$

107,453