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Fair Value of Financial Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s fair value hierarchy for its assets that were measured at fair value on a recurring basis as of December 31, 2021 (in thousands):

 

 

 

Fair Value Measurements at December 31, 2021 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

11,169

 

 

$

 

 

$

 

 

$

11,169

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

 

 

 

63,874

 

 

 

 

 

 

63,874

 

U.S. government agency bonds

 

 

 

 

 

2,998

 

 

 

 

 

 

2,998

 

 

 

$

11,169

 

 

$

66,872

 

 

$

 

 

$

78,041