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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on recurring basis and the fair value hierarchy of the valuation techniques

 

 

As of December 31, 2022

 

 

 

Level I

 

 

Level II

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Money market securities

 

$

8,909

 

 

$

 

 

$

8,909

 

U.S. Treasury securities

 

 

 

 

 

93,968

 

 

 

93,968

 

Total assets at fair value

 

$

8,909

 

 

$

93,968

 

 

$

102,877

 

 

 

 

 

As of December 31, 2021

 

 

 

Level I

 

 

Level II

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Money market securities

 

$

21,390

 

 

$

 

 

$

21,390

 

U.S. Treasury securities

 

 

 

 

 

134,971

 

 

 

134,971

 

Total assets at fair value

 

$

21,390

 

 

$

134,971

 

 

$

156,361

 

Schedule of estimated fair value for the warrant liabilities measured using significant unobservable inputs

The following table sets forth changes in the estimated fair values for the Company’s warrant liabilities measured using significant unobservable inputs (in thousands):

 

 

Year Ended

 

 

 

December 31, 2021

 

Beginning of period

 

$

8,846

 

Exercise of preferred stock warrants

 

 

(1,111

)

Expiration of common stock warrant

 

 

(5,018

)

Change in fair value of preferred stock warrants

 

 

(2,717

)

End of period

 

$