Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Measurements, Recurring and Nonrecurring

The Company’s assets measured at fair value on a recurring basis consisted of the following as of March 31, 2023, and December 31, 2022 (in thousands):


	Fair value measured at March 31, 2023
	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Financial assets at fair value:
Cash and cash equivalents
Money market securities	$	199,985	$	—	$	—	$	199,985
Total financial assets at fair value	$	199,985	$	—	$	—	$	199,985


	Fair value measured at December 31, 2022
	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Financial assets at fair value:
Cash and cash equivalents
Money market securities	$	50,010	$	—	$	—	$	50,010
Total financial assets at fair value	$	50,010	$	—	$	—	$	50,010

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details