Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Hierarchy for Financial Assets and Financial Liabilities Measured at Fair Value on Recurring Basis

The following tables represent the Company’s fair value hierarchy for financial assets and financial liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021 (in thousands):

	Basis for Fair Value Measurements						Fair Value as of
	Level 1		Level 2		Level 3		December 31, 2022
Assets
Money market funds	$	44,447	$	—	$	—	$	44,447
Commercial paper		—		48,872		—		48,872
Corporate bonds		—		47,012		—		47,012
U.S. treasuries		—		63,059		—		63,059
U.S. government sponsored     agencies		—		7,168				7,168
Total	$	44,447	$	166,111	$	—	$	210,558
Liabilities
Derivative liability	$	—	$	—	$	212	$	212
Total	$	—	$	—	$	212	$	212

	Basis for Fair Value Measurements						Fair Value as of
	Level 1		Level 2		Level 3		December 31, 2021
Assets
Money market funds	$	36,556	$	—	$	—	$	36,556
Commercial paper		—		37,535		—		37,535
Corporate bonds		—		94,864		—		94,864
U.S. treasuries		—		30,029		—		30,029
Total	$	36,556	$	162,428	$	—	$	198,984
Liabilities
Derivative liability	$	—	$	—	$	214	$	214
Total	$	—	$	—	$	214	$	214

Summary of Changes in Fair Value of Level 3 Derivative Liability

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 derivative liability (in thousands):

Balance as of December 31, 2020	$	122
Change in fair value included in other income (expense), net		92
Balance as of December 31, 2021		214
Change in fair value included in other income (expense), net		(2	)
Balance as of December 31, 2022	$	212