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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis:

 

 

Fair value measurement at reporting date using

 

(in thousands)

 

Quoted prices

in active

markets for

identical

assets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

 

Significant

unobservable

inputs

(Level 3)

 

June 30, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (Money Market Funds)

 

$

47,958

 

 

$

—

 

 

$

—

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

   Corporate debt securities

 

 

—

 

 

 

181,776

 

 

 

—

 

   Commercial paper

 

 

—

 

 

 

13,823

 

 

 

—

 

Total

 

$

47,958

 

 

$

195,599

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (Money Market Funds)

 

$

30,520

 

 

$

—

 

 

$

—

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

   Corporate debt securities

 

 

—

 

 

 

193,103

 

 

 

—

 

   Commercial paper

 

 

—

 

 

 

66,302

 

 

 

—

 

Total

 

$

30,520

 

 

$

259,405

 

 

$

—