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Basis of presentation and summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash in the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows (in thousands):
December 31,
20222021
Cash and cash equivalents$37,887 $142,467 
Restricted cash878 878 
Total cash, cash equivalents, and restricted cash$38,765 $143,345 
Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash in the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows (in thousands):
December 31,
20222021
Cash and cash equivalents$37,887 $142,467 
Restricted cash878 878 
Total cash, cash equivalents, and restricted cash$38,765 $143,345 
Fair Value, Assets Measured on Recurring Basis
The following table presents information about the Company's financial instruments that are measured at fair value on a recurring basis:
December 31, 2022
(in thousands)TotalLevel 1Level 2Level 3
Financial assets
Money market funds$33,767 $33,767 $— $— 
U.S. treasury securities61,970 61,970 — — 
Total financial assets$95,737 $95,737 $— $— 
December 31, 2021
(in thousands)TotalLevel 1Level 2Level 3
Financial assets

Money market funds$140,856 $140,856 $— $— 
U.S. treasury securities— — — — 
Total financial assets$140,856 $140,856 $— $—