XML 43 R31.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets That Have Been Measured at Fair Value

The following tables present information about our financial assets and liability that have been measured at fair value and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

 

Description

 

As of December 31, 2023

 

 

Quoted
Prices
in Active
Markets for Identical Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

27,963

 

 

$

27,963

 

 

$

 

 

$

 

U.S. government and agency securities

 

 

1,998

 

 

 

 

 

 

1,998

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

77,961

 

 

 

 

 

 

77,961

 

 

 

 

Commercial paper

 

 

13,744

 

 

 

 

 

 

13,744

 

 

 

 

U.S. government and agency securities

 

 

47,507

 

 

 

 

 

 

47,507

 

 

 

 

 

$

169,173

 

 

$

27,963

 

 

$

141,210

 

 

$

 

Financial liability

 

 

 

 

 

 

 

 

 

 

 

 

Embedded derivative liability

 

$

2,800

 

 

$

 

 

$

 

 

$

2,800

 

 

Description

 

As of December 31, 2022

 

 

Quoted
Prices
in Active
Markets for Identical Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

115,498

 

 

$

115,498

 

 

$

 

 

$

 

Commercial paper

 

 

7,629

 

 

 

 

 

 

7,629

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

78,143

 

 

 

 

 

 

78,143

 

 

 

 

Commercial paper

 

 

43,914

 

 

 

 

 

 

43,914

 

 

 

 

U.S. government and agency securities

 

 

20,722

 

 

 

 

 

 

20,722

 

 

 

 

 

$

265,906

 

 

$

115,498

 

 

$

150,408

 

 

$

 

Financial liability

 

 

 

 

 

 

 

 

 

 

 

 

Embedded derivative liability

 

$

2,800

 

 

$

 

 

$

 

 

$

2,800

 

Schedule of Changes in the Estimated Fair Value of Our Embedded Derivative Liability