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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables represent the fair value hierarchy for those assets and liabilities that the Company measures at fair value on a recurring basis (in thousands):

 

 

Fair Value Measurements at December 31, 2021 Using:

 

 

 

Total

 

 

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets included within cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,937

 

 

$

7,937

 

 

$

 

 

$

 

Short-term investments - certificates of deposit

 

 

2,000

 

 

 

 

 

 

2,000

 

 

 

 

Short-term investments - commercial paper

 

 

10,446

 

 

 

 

 

 

10,446

 

 

 

 

Financial assets included within short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments - certificates of deposit

 

 

9,488

 

 

 

 

 

 

9,488

 

 

 

 

Available-for-sale investment

 

 

719

 

 

 

719

 

 

 

 

 

 

 

Total assets

 

$

30,590

 

 

$

8,656

 

 

$

21,934

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration - Kuur

 

$

24,076

 

 

$

 

 

$

 

 

$

24,076

 

Total liabilities

 

$

24,076

 

 

$

 

 

$

 

 

$

24,076

 

 

 

 

 

Fair Value Measurements at December 31, 2020 Using:

 

 

 

Total

 

 

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets included within cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

5,615

 

 

$

5,615

 

 

$

 

 

$

 

Short-term investments - certificates of deposit

 

 

4,070

 

 

 

 

 

 

4,070

 

 

 

 

Short-term investments - U.S. government bonds

 

 

5,000

 

 

 

 

 

 

5,000

 

 

 

 

Short-term investments - commercial paper

 

 

34,860

 

 

 

 

 

 

34,860

 

 

 

 

Financial assets included within short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments - certificates of deposit

 

 

20,696

 

 

 

 

 

 

20,696

 

 

 

 

Short-term investments - U.S. government bonds

 

 

14,998

 

 

 

 

 

 

14,998

 

 

 

 

Short-term investments - commercial paper

 

 

102,715

 

 

 

 

 

 

102,715

 

 

 

 

Available-for-sale investment

 

 

227

 

 

 

227

 

 

 

 

 

 

 

Total assets

 

$

188,181

 

 

$

5,842

 

 

$

182,339

 

 

$

 

Schedule of Assets Measured at Fair Value on a Non-recurring Basis

The following tables represent the fair value hierarchy for those assets that the Company measured at fair value on a non-recurring basis as of December 31, 2021 (in thousands):

 

 

Fair Value Measurements at December 31, 2021 Using:

 

 

 

Total

 

 

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets, net

 

 

71,896

 

 

 

 

 

 

 

 

 

71,896

 

Total assets

 

$

71,896

 

 

$

 

 

$

 

 

$

71,896