Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurements

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The Company’s assets measured at fair value on a recurring basis as of September 30, 2022 consisted of the following (in thousands):

	Fair Value Measurement at September 30, 2022
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents - money market funds	$	123,921	$	123,921	$	—	$	—
Short-term investments		74,362		—		74,362		—
Total	$	198,283	$	123,921	$	74,362	$	—

The Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 consisted of the following (in thousands):

	Fair Value Measurement at December 31, 2021
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents - money market funds	$	65,634	$	65,634	$	—	$	—
Total	$	65,634	$	65,634	$	—	$	—
Liabilities:
Contingent consideration liability (see Note 6)	$	6,090	$	—	$	—	$	6,090
Total	$	6,090	$	—	$	—	$	6,090

Schedule of Short Term Investments

Short-term investments had quoted prices as of September 30, 2022 as shown below (in thousands):

	September 30, 2022
	Amortized Cost		Unrealized Loss		Market Value
United States treasury securities	$	17,784	$	(112)	$	17,672
Commercial paper and corporate debt securities		49,931		(124)		49,807
Asset backed securities		6,910		(27)		6,883
Total	$	74,625	$	(263)	$	74,362