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Basis of Presentation, Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Summary of Fair Value Measurements, Recurring and Nonrecurring
The following tables present the Company’s fair value hierarchy for its money market securities, preferred stock tranche rights liability and preferred stock warrant liability measured at fair value on a recurring basis (in thousands):
 
  
Fair value measurements at reporting date using
 
  
Fair Value at
June 30, 2021
 
 
  
Quoted Prices
in Active
Markets for
Identical
Assets (Level 1)
 
  
Significant
Other
Observable
Inputs (Level 2)
 
  
Significant
Unobservable
Inputs (Level 3)
 
Assets included in:
                                   
Cash and cash equivalents
                                   
Money market securities
   $ 36,766      $      $      $ 36,766  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total fair value
   $ 36,766      $      $      $ 36,766  
    
 
 
    
 
 
    
 
 
    
 
 
 
 
 
 
    
Fair value measurements at reporting date using
        
    
Quoted Prices
in Active
Markets for
Identical
Assets (Level 1)
    
Significant
Other
Observable
Inputs (Level 2)
    
Significant
Unobservable
Inputs (Level 3)
    
Fair Value at
December 31, 
2020
 
Assets included in:
                                   
Cash and cash equivalents
                                   
Money market securities
   $ 36,758      $ —        $ —        $ 36,758  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total fair value
   $ 36,758      $ —        $ —        $ 36,758  
    
 
 
    
 
 
    
 
 
    
 
 
 
Liabilities included in:
                                   
Preferred stock tranche rights liability
   $ —        $ —        $ 5,033      $ 5,033  
Preferred stock warrant liability
     —          —          380        380  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total fair value
   $ —        $ —        $ 5,413      $ 5,413