FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2023

FAIR VALUE OF FINANCIAL INSTRUMENTS

Summary of cash, cash equivalents and short-term investments by investment category

		September 30, 2023
					Cash and	Short
			Investment	Fair	Cash	Term
		Cost	Gains	Value	Equivalents	Investments
Cash (1)		12,579	-	12,579	12,579	-
U.S. Treasury Securities (2)		39,446	416	39,862	29,938	9,924
	Total	52,025	416	52,441	42,517	9,924

(1) Level I fair value estimates are based on observable inputs such as quoted prices in active markets.

(2) Level II fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Summary of changes in the contingent consideration

	Contingent Consideration
Balance as of December 31, 2022	$	10,000
Change in fair value of contingent consideration		(2,855)
Escrow share adjustment		(7,145)
Balance as of September 30, 2023	$	—