Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value of Financial Assets Measure at Fair Value on Recurring Basis

The following tables (in thousands) present information about the Company’s financial assets that have been measured at fair value as of June 30, 2022 and December 31, 2021, and indicate the fair value of the hierarchy of the valuation inputs utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair value determined by Level 2 inputs utilize observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted market prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability.

	As of June 30, 2022
	Total		Level 1		Level 2		Level 3
US Treasury-backed money market funds	$	216,641	$	216,641	$	—	$	—
Total	$	216,641	$	216,641	$	—	$	—

	As of December 31, 2021
	Total		Level 1		Level 2		Level 3
US Treasury-backed money market funds	$	30,719	$	30,719	$	—	$	—
Total	$	30,719	$	30,719	$	—	$	—

Summary of Reconciliation of Warrant Liabilities

A reconciliation of the Level 3 warrant liability is as follows (in thousands):

	Series A-2 Preferred Stock Warrant Liability
Balance as of December 31, 2020	$	30
Change in fair value		196
Balance as of December 31, 2021		226
Change in fair value		(58	)
Balance as of March 31, 2022		168
Exercise of preferred stock warrants		(168	)
Balance as of June 30, 2022	$	—