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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Fair Value Hierarchy for Financial Assets

The Company’s fair value hierarchy for its cash equivalents and marketable securities was as follows:

 

March 31, 2022

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

4

 

 

$

 

 

$

 

 

$

4

 

Commercial paper

 

 

 

 

 

11,351

 

 

 

 

 

 

11,351

 

Corporate notes

 

 

 

 

 

6,425

 

 

 

 

 

 

6,425

 

Federal agency notes

 

 

 

 

 

3,739

 

 

 

 

 

 

3,739

 

Pre-refunded municipals

 

 

 

 

 

152

 

 

 

 

 

 

152

 

Total

 

$

4

 

 

$

21,667

 

 

$

 

 

$

21,671

 

 

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

 

 

Summary of Fair Value Maturities for Financial Asset

The fair value maturities of the Company’s cash equivalents and marketable securities as of March 31, 2022, were 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

 

$

21,671

 

 

$

15,962

 

 

$

5,709

 

 

$

 

 

$