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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values:

Description

 

Financial Assets

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

As at December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 Assets

 

 

 

 

 

 

 

 

 

 

 

 

 Money market funds included in cash and cash
   equivalents

 

$

42,995

 

 

$

42,995

 

 

$

 

 

$

 

 Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury notes

 

 

58,362

 

 

 

 

 

 

58,362

 

 

 

 

 U.S. Treasury bills

 

 

126,058

 

 

 

 

 

 

126,058

 

 

 

 

 Total marketable securities

 

 

184,420

 

 

 

 

 

 

184,420

 

 

 

 

 Total financial assets

 

$

227,415

 

 

$

42,995

 

 

$

184,420

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As at December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 Assets

 

 

 

 

 

 

 

 

 

 

 

 

 Money market funds included in cash and cash
   equivalents

 

$

2,535

 

 

$

2,535

 

 

$

 

 

$

 

 Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury notes

 

 

7,439

 

 

 

7,439

 

 

 

 

 

 

 

 Total financial assets

 

$

9,974

 

 

$

9,974

 

 

$

 

 

$