Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurements

Schedule of fair value of assets measured at fair value on a recurring basis, by level of fair value hierarchy

The following tables present information as of September 30, 2022 and December 31, 2021 about the Company’s assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy the Company utilized to determine such fair values (in thousands):

	September 30, 2022
	Fair Value Measured Using						Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Assets
Cash equivalents	$	23,713	$	—	$	—	$	23,713
Marketable securities		19,034		5,995		—		25,029
	$	42,747	$	5,995	$	—	$	48,742

	December 31, 2021
	Fair Value Measured Using						Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Assets
Cash equivalents	$	61,992	$	—	$	—	$	61,992
Marketable securities		1,011		4,982		—		5,993
	$	63,003	$	4,982	$	—	$	67,985

Schedule of fair value of available for sale marketable securities

As of September 30, 2022 and December 31, 2021, the fair value of available for sale marketable securities by type of security were as follows (in thousands):

	September 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Treasury securities	$	19,078	$	1	$	(45)	$	19,034
U.S. Government agency securities		6,031		—		(36)		5,995
	$	25,109	$	1	$	(81)	$	25,029

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Treasury securities	$	1,012	$	—	$	(2)	$	1,010
U.S. Government agency securities		4,984		—		(1)		4,983
	$	5,996	$	—	$	(3)	$	5,993