Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of March 31, 2021 (in thousands):

	Level 1		Level 2		Level 3		Total
Assets:
Cash Equivalents:
Money market funds	$	63,229	$	-	$	-	$	63,229
Marketable Securities:
Commercial paper		-		22,366		-		22,366
Corporate debt securities		-		28,147		-		28,147
ABS		-		6,886		-		6,886
	$	63,229	$	57,399	$	-	$	120,628
Liabilities:
Derivative liabilities	$	-	$	-	$	803	$	803

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2020 (in thousands):

	Level 1		Level 2		Level 3		Total
Assets:
Cash Equivalents:
Money Market funds	$	84,195	$	-	$	-	$	84,195
	$	84,195	$	-	$	-	$	84,195
Liabilities
Derivative Liabilities	$	-	$	-	$	797	$	797