Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Financial Instruments and Fair Value Measurements

Summary of Cash Equivalents and Conversion Right Liability's Carrying Value and Fair Value

The Company’s financial instruments consist of money market funds. The following tables show the Company’s cash equivalents carrying value and fair value at September 30, 2022 and December 31, 2021 (in thousands):

	As of September 30, 2022 (unaudited)
					Quoted		Significant
					Priced in		other		Significant
					active		observable		unobservable
	Carrying		Fair		markets		inputs		inputs
	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Assets
Money market funds	$	6,000	$	6,000	$	6,000	$	—	$	—
Total assets	$	6,000	$	6,000	$	6,000	$	—	$	—

	As of December 31, 2021
					Quoted		Significant
					Priced in		other		Significant
					active		observable		unobservable
	Carrying		Fair		markets		inputs		inputs
	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Assets
Money market funds	$	12,793	$	12,793	$	12,793	$	—	$	—
Total assets	$	12,793	$	12,793	$	12,793	$	—	$	—