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Fair Value of Financial Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities 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):

 

 

 

December 31, 2021

 

 

 

 

 

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

 

 

Significant

Other

Observable

Inputs

 

 

Significant

Other

Observable

Inputs

 

Description

 

Total

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds, included in cash and cash equivalents

 

$

24,798

 

 

$

24,798

 

 

$

 

 

$

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

26,131

 

 

 

 

 

 

26,131

 

 

 

 

Corporate debt securities

 

 

15,838

 

 

 

 

 

 

15,838

 

 

 

 

Total financial assets

 

$

66,767

 

 

$

24,798

 

 

$

41,969

 

 

$

 

 

 

 

 

December 31, 2020

 

 

 

 

 

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

 

 

Significant

Other

Observable

Inputs

 

 

Significant

Other

Observable

Inputs

 

Description

 

Total

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds, included in cash and cash equivalents

 

$

41,208

 

 

$

41,208

 

 

$

 

 

$

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

14,807

 

 

 

 

 

 

14,807

 

 

 

 

Commercial paper

 

 

25,717

 

 

 

 

 

 

25,717

 

 

 

 

Total financial assets

 

$

81,732

 

 

$

41,208

 

 

$

40,524

 

 

$