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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021.

Fair value measurement as of March 31, 2022:

Quoted prices in

Significant other

Significant

Financial assets

active markets for

observable

unobservable

identical assets

inputs

inputs

Type of Instrument

    

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

Cash and cash equivalents:

 

  

 

  

 

  

 

  

Money market funds and checking accounts

$

21,362

$

21,362

$

$

Available-for-sale marketable securities:

 

 

  

 

 

U.S. Treasury securities

 

15,550

 

 

15,550

 

U.S. government agency obligations

 

11,630

 

 

11,630

 

Corporate bonds

 

66,025

 

 

66,025

 

Commercial paper

 

72,789

 

 

72,789

 

Municipal bonds

 

22,211

 

 

22,211

 

Restricted cash:

 

 

  

 

 

Commercial money market account

 

408

 

408

 

 

Total financial assets

$

209,975

$

21,770

$

188,205

$

Fair value measurement as of December 31, 2021:

Quoted prices in

Significant other

Significant

Financial assets

active markets for

observable

unobservable

identical assets

inputs

inputs

Type of Instrument

    

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

Cash and cash equivalents:

 

  

 

  

 

  

 

  

Money market funds and checking accounts

$

13,453

$

13,453

$

$

Available-for-sale marketable securities:

 

  

 

  

 

  

 

  

U.S. Treasury securities

11,570

11,570

U.S. government agency obligations

 

16,975

 

 

16,975

 

Corporate bonds

 

66,324

 

 

66,324

 

Commercial paper

 

106,888

 

 

106,888

 

Municipal bonds

21,579

21,579

Restricted cash:

 

  

 

  

 

  

 

  

Commercial money market account

 

408

 

408

 

 

Total financial assets

$

237,197

$

13,861

$

223,336

$