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Summary of significant accounting policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Fair Value, Assets
The following table presents information about the Company's financial instruments that are measured at fair value on a recurring basis:
June 30, 2022
(in thousands)TotalLevel 1Level 2Level 3
Financial assets
Cash equivalents$76,431 $76,431 $— $— 
Short-term investments38,931 38,931 — — 
Total financial assets$115,362 $115,362 $— $— 
December 31, 2021
(in thousands)TotalLevel 1Level 2Level 3
Financial assets

Cash equivalents$140,856 $140,856 $— $— 
Short-term investments— — — — 
Total financial assets$140,856 $140,856 $— $— 
Schedule of Investments
The Company's investments consist of the following:

June 30, 2022
(in thousands)Amortized CostGross Unrealized Gains Gross Unrealized LossesFair Value
U.S. treasury securities - due within 1 year$39,003 $— $(72)$38,931 
Money market funds76,431 — — 76,431 
Total$115,434 $— $(72)$115,362 

December 31, 2021
(in thousands)Amortized CostGross Unrealized Gains Gross Unrealized LossesFair Value
U.S. treasury securities - due within 1 year$— $— $— $— 
Money market funds140,856 — — 140,856 
Total$140,856 $— $— $140,856