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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Fair Value Hierarchy for Financial Assets

The Company’s fair value hierarchy for its cash equivalents and marketable securities as of December 31, 2021 and 2020, respectively, was as follows:

 

December 31, 2021

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

2,478

 

 

$

 

 

$

 

 

$

2,478

 

Commercial paper

 

 

 

 

 

13,382

 

 

 

 

 

 

13,382

 

Corporate notes

 

 

 

 

 

9,585

 

 

 

 

 

 

9,585

 

Federal agency notes

 

 

 

 

 

3,799

 

 

 

 

 

 

3,799

 

Pre-refunded municipals

 

 

 

 

 

1,063

 

 

 

 

 

 

1,063

 

Total

 

$

2,478

 

 

$

27,829

 

 

$

 

 

$

30,307

 

 

December 31, 2020

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

10,988

 

 

$

 

 

$

 

 

$

10,988

 

Commercial paper

 

 

 

 

 

36,478

 

 

 

 

 

 

36,478

 

Pre-refunded municipals

 

 

 

 

 

26,697

 

 

 

 

 

 

26,697

 

Corporate notes

 

 

 

 

 

2,437

 

 

 

 

 

 

2,437

 

Total

 

$

10,988

 

 

$

65,612

 

 

$

 

 

$

76,600

 

 

Summary of Fair Value Maturities for Financial Asset

The fair value maturities of the Company’s cash equivalents and marketable securities as of December 31, 2021 are as follows:

 

 

Maturities by Period

 

 

 

Total

 

 

Less than

1 year

 

 

1-5

years

 

 

5 - 10

years

 

 

More than

10 years

 

Cash equivalents and marketable securities

 

$

30,307

 

 

$

22,015

 

 

$

8,292

 

 

$

 

 

$