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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Fair Value Measurements

The following tables presents the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis and indicate the level within the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

 

 

 

September 30, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

256,157

 

 

$

 

 

$

 

 

$

256,157

 

U.S government securities

 

 

 

 

 

98,717

 

 

 

 

 

$

98,717

 

Total financial assets:

 

$

256,157

 

 

$

98,717

 

 

$

 

 

$

354,874

 

 

 

 

December 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds

 

$

445,856

 

 

$

 

 

$

 

 

$

445,856

 

Total financial assets:

 

$

445,856

 

 

$

 

 

$

 

 

$

445,856