Marketable Securities and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Marketable Securities by Security Type

As of December 31, 2022, marketable securities by security type consisted of (in thousands):

			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
U.S. treasury notes (due within one year)	$	54,596	$	2	$	(183	)	$	54,415
Total	$	54,596	$	2	$	(183	)	$	54,415

As of December 31, 2021, marketable securities by security type consisted of (in thousands):

			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
U.S. treasury notes (due within one year)	$	30,213	$	—	$	(20	)	$	30,193
U.S. treasury notes (due after one year through two years)		15,093		—		(10	)		15,083
Total	$	45,306	$	—	$	(30	)	$	45,276

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

	Fair Value Measurements at December 31, 2022 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	56,663	$	—	$	—	$	56,663
Marketable securities:
U.S. treasury notes		—		54,415		—		54,415
Total	$	56,663	$	54,415	$	—	$	111,078

	Fair Value Measurements at December 31, 2021 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	131,542	$	—	$	—	$	131,542
Marketable securities:
U.S. treasury notes		—		45,276		—		45,276
Total	$	131,542	$	45,276	$	—	$	176,818