Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities to Fair Value Measurements on Recurring Basis

Financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used in such measurements by major security type as of March 31, 2023 and December 31, 2022 are presented in the following tables (in thousands):

	Fair Value Measurements at March 31, 2023
	Total		Level 1		Level 2		Level 3
Money market funds	$	15,863	$	15,863	$	—	$	—
Certificates of Deposit		5,641		—		5,641		—
Corporate notes		7,799		—		7,799		—
Government and agency notes		56,526		—		56,526		—
Municipal notes		400		—		400		—
Total	$	86,229	$	15,863	$	70,366	$	—

	Fair Value Measurements at December 31, 2022
	Total		Level 1		Level 2		Level 3
Money market funds	$	10,988	$	10,988	$	—	$	—
Certificates of Deposit		6,102		—		6,102		—
Repurchase Agreements		9,000		—		9,000		—
Corporate notes		12,411		—		12,411		—
Government and agency notes		50,766		—		50,766		—
Municipal notes		506		—		506		—
Total	$	89,773	$	10,988	$	78,785	$	—

Summary of Available-for-Sale Securities

The following table summarizes the available-for-sale securities (in thousands):

	Fair Value Measurements at March 31, 2023
	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Money market funds	$	15,863	$	—	$	—		$	15,863
Certificates of Deposit		5,738		—		(97	)		5,641
Corporate notes		7,869		—		(70	)		7,799
Government and agency notes		56,681		9		(164	)		56,526
Municipal notes		400		—		—			400
Total cash equivalents and investments	$	86,551	$	9	$	(331	)	$	86,229
Classified as:
Cash equivalents (original maturities within 90 days)								$	42,265
Short-term investments (maturities within one year)									43,489
Long-term investments (maturities beyond 1 year)									475
Total								$	86,229

	Fair Value Measurements at December 31, 2022
	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Money market funds	$	10,988	$	—	$	—		$	10,988
Certificates of Deposit		6,237		1		(136	)		6,102
Repurchase Agreements		9,000		—		—			9,000
Corporate notes		12,575		—		(164	)		12,411
Government and agency notes		51,020		4		(258	)		50,766
Municipal notes		510		—		(4	)		506
Total cash equivalents and investments	$	90,330	$	5	$	(562	)	$	89,773
Classified as:
Cash equivalents ( original maturities within 90 days)								$	40,593
Short-term investments (maturities within one year)									45,602
Long-term investments (maturities beyond 1 year)									3,578
Total cash equivalents and investments								$	89,773

Summary of Unrealized Losses of Company's Investments in Debt Securities Measured at Fair Value

The table below summarizes the unrealized losses of the Company's investments in debt securities measured at fair value as of March 31, 2023 (in thousands):

	Less than twelve months					Twelve months or greater					Total
	Fair value		Gross unrealized loss			Fair value		Gross unrealized loss			Fair value		Gross unrealized loss
Certificates of Deposit	$	1,133	$	(20	)	$	4,508	$	(76	)	$	5,641	$	(96	)
Corporate notes		—		—			7,799		(70	)		7,799		(70	)
Government and agency notes		16,829		(44	)		5,583		(121	)		22,412		(165	)
Total cash equivalents and investments	$	17,962	$	(64	)	$	17,890	$	(267	)	$	35,852	$	(331	)

Schedule of the Ccontractual Maturities of our Investments in Debt Securities Measured at Fair Value

The table below summarizes the contractual maturities of the Company's investments in debt securities measured at fair value as of March 31, 2023 (in thousands):

	Maturities by Period
	Total		Less Than 1 Year		1-5 Years		6-10 Years		More Than 10 Years
Fair value of debt securities	$	43,964	$	43,489	$	475	$	—	$	—