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Fair value (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of fair value of the financial instruments that are measured at fair value on a recurring basis

The following tables present the fair value of the Company’s financial instruments that are measured or disclosed at fair value on a recurring basis (in thousands):

 

 

 

Fair Value Measurements
as of June 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

71,172

 

 

$

-

 

 

$

-

 

Certificates of deposit

 

 

88,172

 

 

 

-

 

 

 

-

 

 

 

$

159,344

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements
as of December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

186,816

 

 

$

-

 

 

$

-

 

Certificates of deposit

 

 

3,918

 

 

 

-

 

 

 

-

 

U.S. Treasury bonds

 

 

15,110

 

 

 

-

 

 

 

-

 

 

 

$

205,844

 

 

$

-

 

 

$

-