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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s assets that are measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values (in thousands):

 

 

 

As of December 31, 2021

 

 

 

TOTAL

 

 

Quoted Prices
in Active
Markets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

72,449

 

 

$

72,449

 

 

$

 

 

$

 

Total cash equivalents

 

 

72,449

 

 

 

72,449

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

1,010

 

 

 

 

 

 

1,010

 

 

 

 

Investments

 

 

1,010

 

 

 

 

 

 

1,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

73,459

 

 

$

72,449

 

 

$

1,010

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2022

 

 

 

TOTAL

 

 

Quoted Prices
in Active
Markets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

49,666

 

 

$

47,866

 

 

$

1,800

 

 

$

 

Total cash equivalents

 

 

49,666

 

 

 

47,866

 

 

 

1,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States Treasury securities

 

 

8,986

 

 

 

8,986

 

 

 

 

 

 

 

Corporate debt securities

 

 

2,810

 

 

 

 

 

 

2,810

 

 

 

 

Commercial paper

 

 

1,992

 

 

 

 

 

 

1,992

 

 

 

 

Investments

 

 

13,788

 

 

 

8,986

 

 

 

4,802

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

63,454

 

 

$

56,852

 

 

$

6,602

 

 

$