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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022:

						As of June 30, 2023
						Level 1						Level 2						Level 3						Total
Assets:
Available-for-Sale Investments
Asset-backed securities						$	—					$	6,136					$	—					$	6,136
Corporate notes and bonds						—						27,280						—						27,280
Total assets						$	—					$	33,416					$	—					$	33,416
Liabilities:
Common Stock Warrants
Private Common Stock Warrants						$	—					$	—					$	138					$	138
Total liabilities						$	—					$	—					$	138					$	138

						As of December 31, 2022
						Level 1						Level 2						Level 3						Total
Assets:
Available-for-Sale Investments
Asset-backed securities						$	—					$	58,192					$	—					$	58,192
Corporate notes and bonds						—						110,298						—						110,298
Commercial paper						—						10,479						—						10,479
Foreign government securities						—						5,027						—						5,027
US government and agency securities						86,898						—						—						86,898
Total assets						$	86,898					$	183,996					$	—					$	270,894
Liabilities:
Common Stock Warrants
Private Common Stock Warrants						$	—					$	—					$	289					$	289
Total liabilities						$	—					$	—					$	289					$	289

Schedule of Reconciliation of Level 3 Liabilities

The following sets forth the activity for Private Warrants:

						Private Warrants
Balance at December 31, 2022						$	289
Fair market value adjustment						(151)
Balance at June 30, 2023						$	138

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- References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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