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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Financial Assets Consist of Investments Measured and Recognized at Fair Value The following tables set forth the fair value of the Company’s financial assets, which consist of investments measured and recognized at fair value (in thousands):

 

 

 

 

 

June 30, 2021

 

 

 

Fair Value

Hierarchy

Level

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

 

Fair Value

 

Money market funds(1)

 

Level 1

 

$

 

18,036

 

 

$

 

 

 

$

 

 

 

$

 

18,036

 

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate notes

 

Level 2

 

 

 

20,724

 

 

 

 

 

 

 

 

 

 

 

 

20,724

 

Commercial paper

 

Level 2

 

 

 

10,491

 

 

 

 

4

 

 

 

 

 

 

 

 

10,495

 

Asset backed securities

 

Level 2

 

 

 

5,574

 

 

 

 

 

 

 

 

(2

)

 

 

 

5,572

 

Total

 

 

 

$

 

54,825

 

 

$

 

4

 

 

$

 

(2

)

 

$

 

54,827

 

 

 

(1)

Included in cash and cash equivalents on the balance sheets.