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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2022

 

 

 

TOTAL

 

 

Quoted Prices
in Active
Markets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

39,381

 

 

$

38,381

 

 

$

1,000

 

 

$

 

Total cash equivalents

 

 

39,381

 

 

 

38,381

 

 

 

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States Treasury securities

 

 

9,986

 

 

 

9,986

 

 

 

 

 

 

 

Corporate debt securities

 

 

1,800

 

 

 

 

 

 

1,800

 

 

 

 

Commercial paper

 

 

2,887

 

 

 

 

 

 

2,887

 

 

 

 

Investments

 

 

14,673

 

 

 

9,986

 

 

 

4,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

54,054

 

 

$

48,367

 

 

$

5,687

 

 

$