Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value of Financial Assets and Liabilities Measured or Disclosed on a Recurring Basis

The following table sets forth the fair value of our financial assets and liabilities that are measured or disclosed on a recurring basis by level within the fair value hierarchy (in thousands):

	June 30, 2022
	Total Fair Value		Level 1		Level 2		Level 3
Assets:
Money market funds	$	50,433	$	50,433	$	—	$	—
Commercial paper	16,882		—		16,882		—
U.S. government-sponsored agency bonds	8,723		—		8,723		—
Corporate bonds	999		—		999		—
Asset-backed securities	1,000		—		1,000		—
Total	$	78,037	$	50,433	$	27,604	$	—
Liabilities:
Derivative liabilities for exit fees	$	1,091	$	—	$	—	$	1,091
Total	$	1,091	$	—	$	—	$	1,091

	December 31, 2021
	Total Fair Value		Level 1		Level 2		Level 3
Assets:
Money market funds	$	71,175	$	71,175	$	—	$	—
Commercial paper	31,935		—		31,935		—
Corporate bonds	7,022		—		7,022		—
Asset-backed securities	5,304		—		5,304		—
Total	$	115,436	$	71,175	$	44,261	$	—
Liabilities:
Derivative liability for exit fee	$	698	$	—	$	—	$	698
Total	$	698	$	—	$	—	$	698