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Fair Value of Financial Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis and Indicate Level of Fair Value Hierarchy Utilized

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

Fair Value Measurements as of June 30, 2022
Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

17,461

 

 

$

 

 

$

17,461

 

Available-for-sale securities

 

$

 

 

$

108,572

 

 

$

 

 

$

108,572

 

 

 

$

 

 

$

126,033

 

 

$

 

 

$

126,033

 

 

 

Fair Value Measurements as of December 31, 2021
Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

75,224

 

 

$

 

 

$

75,224

 

Available-for-sale securities

 

 

 

 

 

88,643

 

 

 

 

 

 

88,643

 

 

 

$

 

 

$

163,867

 

 

$

 

 

$

163,867