Fair Value Measurements of Financial Assets

9 Months Ended

Sep. 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 September 30, 2022
	Level 1		Level 2		Level 3		Total
Marketable Securities
Asset-backed securities	$	—	$	3,199	$	—	$	3,199
Corporate debt securities		—		15,401		—		15,401
Commercial paper		—		33,674		—		33,674
U.S. Government debt securities		—		2,996		—		2,996
Total	$	—	$	55,270	$	—	$	55,270

	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 nine months ended September 30, 2022, the Company had no transfers between Level 1, Level 2 or Level 3 financial assets.