XML 27 R17.htm IDEA: XBRL DOCUMENT v3.22.2.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2022
FAIR VALUE OF FINANCIAL INSTRUMENTS  
SCHEDULE OF FAIR VALUE INSTRUMENTS

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis and their respective input levels based on the fair value hierarchy (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

​

​

​

​

​

Quoted Prices in

​

​

​

​

​

​

​

​

​

​

Active Markets

​

Significant Other

​

Significant

​

​

​

​

​

for Identical

​

Observable

​

Unobservable

​

​

September 30, 

​

Assets

​

Inputs

​

Inputs

​

    

2022

    

(Level 1)

    

(Level 2)

    

(level 3)

Assets:

​

​

  

​

​

  

​

​

  

​

​

  

Cash equivalents

 

​

  

 

​

  

 

​

  

 

​

  

Money market funds

​

$

17,201

​

$

17,201

​

$

—

​

$

—

Total cash equivalents

​

 

17,201

​

 

17,201

​

 

—

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Short-term investments

​

 

  

​

 

  

​

 

  

​

 

  

U.S. Treasury bills

​

 

25,592

​

 

25,592

​

 

—

​

 

—

Commercial paper

​

 

80,188

​

 

—

​

 

80,188

​

 

—

Agency bond

​

 

14,379

​

 

—

​

 

14,379

​

 

—

Total short-term investments

​

 

120,159

​

 

25,592

​

 

94,567

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Total fair value of assets

​

$

137,360

​

$

42,793

​

$

94,567

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

​

 

​

​

 

Quoted Prices in

​

​

​

​

​

 

​

​

 

Active Markets

 

Significant Other

​

Significant

​

 

​

​

 

for Identical

 

Observable

​

Unobservable

​

 

December 31, 

 

Assets

 

Inputs

​

Inputs

​

    

2021

    

(Level 1)

    

(Level 2)

    

(level 3)

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash equivalents

​

​

​

​

​

​

​

​

​

​

​

​

Money market funds

​

$

39,653

​

$

39,653

​

$

—

​

$

—

Commercial paper

​

 

14,448

​

 

—

​

 

14,448

​

 

—

Total cash equivalents

​

 

54,101

​

 

39,653

​

 

14,448

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Short-term investments

​

 

  

​

 

  

​

 

  

​

 

  

U.S. Treasury bills

​

 

25,135

​

 

25,135

​

 

—

​

 

—

Corporate debt securities

​

 

10,715

​

 

—

​

 

10,715

​

 

—

Commercial paper

​

 

77,328

​

 

—

​

 

77,328

​

 

—

Total short-term investments

​

 

113,178

​

 

25,135

​

 

88,043

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Total fair value of assets

​

$

167,279

​

$

64,788

​

$

102,491

​

$

—

SCHEDULE OF SHORT TERM INVESTMENT

The following tables summarize the Company’s short-term investments (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of September 30, 2022

 

​

​

​

​

​

​

​

Gross

​

Gross

​

​

​

 

​

​

​

​

Amortized

​

unrealized

​

unrealized

​

Estimated fair

 

​

    

Maturity

    

cost

    

gains

    

losses

    

value

 

Commercial paper

 

1 year or less

 

​

80,379

​

​

2

​

​

(193)

 

​

80,188

​

U.S. Treasury bills

 

2 years or less

 

​

26,052

 

​

—

 

​

(460)

 

​

25,592

​

Agency bond

 

2 years or less

 

​

14,499

 

​

—

 

​

(120)

 

​

14,379

​

​

​

​

​

$

120,930

​

$

2

​

$

(773)

​

$

120,159

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2021

​

​

 

​

 

​

​

​

Gross

​

Gross

​

​

​

​

​

 

​

 

Amortized

 

unrealized

​

unrealized

​

Estimated fair

​

​

    

Maturity

    

cost

    

gains

    

losses

    

value

​

Corporate debt securities

 

1 year or less

​

$

10,726

​

$

—

​

$

(11)

​

$

10,715

​

Commercial paper

 

1 year or less

​

 

77,328

​

 

9

​

 

(9)

​

 

77,328

​

U.S. Treasury bills

 

2 years or less

​

 

25,183

​

 

—

​

 

(48)

​

 

25,135

​

​

​

​

​

$

113,237

​

$

9

​

$

(68)

​

$

113,178

​