Fair Value Measurements of Financial Assets

6 Months Ended

Jun. 30, 2022

Fair Value Measurements of Financial Assets

Fair Value Measurements of Financial Assets

3. Fair Value Measurements of Financial Assets

The Company’s financial assets subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):

	As of June 30, 2022
	Level 1		Level 2		Level 3		Total
Marketable Securities
Asset-backed securities	$	—	$	9,599	$	—	$	9,599
Corporate debt securities		—		16,853		—		16,853
Commercial paper		—		25,146		—		25,146
U.S. Government debt securities		—		17,062		—		17,062
Total	$	—	$	68,660	$	—	$	68,660

	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash Equivalents:
Money market funds included in cash and cash equivalents	$	106,000	$	—	$	—	$	106,000

During the three and six months ended June 30, 2022 and December 31, 2021, the Company had no transfers between Level 1, Level 2 or Level 3 financial assets.