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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities

The following table sets forth the fair value of the Company’s financial assets and liabilities, allocated into Level 1, Level 2 and Level 3, that was measured on a recurring basis (in thousands):

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

56,337

 

 

$

 

 

$

 

 

$

56,337

 

Total financial assets

 

$

56,337

 

 

$

 

 

$

 

 

$

56,337

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

106,782

 

 

$

 

 

$

 

 

$

106,782

 

Corporate notes and commercial paper

 

 

 

 

 

6,502

 

 

 

 

 

 

6,502

 

U.S. government agency securities

 

 

 

 

 

1,503

 

 

 

 

 

 

1,503

 

Total financial assets

 

$

106,782

 

 

$

8,005

 

 

$

 

 

$

114,787