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Description of Organization and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Fair Value Measurements

The Company’s fair value measurements as of June 30, 2022 and December 31, 2021 was as follows (in thousands):

 

 

 

June 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

13,984

 

 

$

 

 

$

 

 

$

13,984

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government debt securities

 

 

21,354

 

 

 

 

 

 

 

 

 

21,354

 

Commercial paper

 

 

 

 

 

44,942

 

 

 

 

 

 

44,942

 

Corporate bonds

 

 

 

 

 

35,754

 

 

 

 

 

 

35,754

 

Total marketable securities

 

 

21,354

 

 

 

80,696

 

 

 

 

 

 

102,050

 

Total assets

 

$

35,338

 

 

$

80,696

 

 

$

 

 

$

116,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Balance

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

30,557

 

 

$

 

 

$

 

 

$

30,557

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government debt securities

 

 

3,979

 

 

 

 

 

 

 

 

 

3,979

 

Commercial paper

 

 

 

 

 

54,363

 

 

 

 

 

 

54,363

 

Corporate bonds

 

 

 

 

 

56,135

 

 

 

 

 

 

56,135

 

Total marketable securities

 

 

3,979

 

 

 

110,498

 

 

 

 

 

 

114,477

 

Total assets

 

$

34,536

 

 

$

110,498

 

 

$

 

 

$

145,034