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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value

The following table presents information about the Company’s financial assets measured or disclosed at fair value by level within the fair value hierarchy (in thousands):

 

 

 

As of June 30,
2022

 

 

Quoted Prices in Active Markets
(Level 1)

 

 

Significant Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

16,809

 

 

$

16,809

 

 

$

 

 

$

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

5,992

 

 

 

 

 

 

5,992

 

 

 

 

U.S. treasury securities

 

 

50,573

 

 

 

 

 

 

50,573

 

 

 

 

Corporate debt securities

 

 

87,758

 

 

 

 

 

 

87,758

 

 

 

 

Total assets

 

$

161,132

 

 

$

16,809

 

 

$

144,323

 

 

$

 

 

 

 

As of December 31,
2021

 

 

Quoted Prices in Active Markets
(Level 1)

 

 

Significant Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

232,017

 

 

$

232,017

 

 

$

 

 

$

 

Total

 

$

232,017

 

 

$

232,017

 

 

$

 

 

$