XML 46 R31.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities Measured 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):
December 31, 2022
Total Fair ValueLevel 1Level 2Level 3
Assets:
Money market funds$84,313 $84,313 $— $— 
Commercial paper25,291 — 25,291 — 
U.S. government-sponsored agency bonds1,479 — 1,479 — 
Corporate bonds999 — 999 — 
Total$112,082 $84,313 $27,769 $— 
Liabilities:
Derivative liabilities for exit fees$1,656 $— $— $1,656 
Total$1,656 $— $— $1,656 
December 31, 2021
Total
Fair Value
Level 1Level 2Level 3
Assets:
Money market funds$71,175 $71,175 $— $— 
Commercial paper31,935 — 31,935 — 
Corporate bonds7,022 — 7,022 — 
Asset-backed securities5,304 — 5,304 — 
Total$115,436 $71,175 $44,261 $— 
Liabilities:
Derivative liability for exit fee$698 $— $— $698 
Total$698 $— $— $698