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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Measurements  
Schedule of assets and liabilities measured and recorded in financial statements at fair value on a recurring basis

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June 30, 2022

 

(In thousands)

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Total

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Level 1

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Level 2

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Level 3

 

Assets

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Cash

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$

250

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$

250

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$

—

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$

—

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Cash equivalents – money market funds

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24,230

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​

24,230

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—

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—

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Total assets

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$

24,480

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$

24,480

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$

—

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$

—

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December 31, 2021

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(In thousands)

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Total

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Level 1

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Level 2

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Level 3

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Assets

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Cash

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$

250

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$

250

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$

—

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$

—

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Cash equivalents – money market funds

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32,295

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32,295

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—

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​

—

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Total assets

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$

32,545

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$

32,545

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$

—

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$

—

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Schedule of reconciliation measured at fair value on a recurring basis using unobservable inputs

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Future

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Warrant

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Tranche Right

(In thousands)

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Liability

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Liability

Balance, December 31, 2020

 

$

6,983

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$

118,803

Change in the fair value of liability (1)

 

 

(6,983)

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(118,803)

Balance, June 30, 2021

 

$

—

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$

—

(1)During the six months ended June 30, 2021, the Company’s liability-classified warrants and future tranche rights terminated, and accordingly, the liabilities were derecognized.