Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

March 31, 2023

 

 

 

Total

 

 

Quoted
Prices in
Active Markets
for Identical
Assets (Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

93,845

 

 

$

93,845

 

 

$

 

 

$

 

Total

 

$

93,845

 

 

$

93,845

 

 

$

 

 

$

 

 

 

 

December 31, 2022

 

 

 

Total

 

 

Quoted
Prices in
Active Markets
for Identical
Assets (Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

81,607

 

 

$

81,607

 

 

$

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government securities

 

 

24,940

 

 

 

 

 

 

24,940

 

 

 

 

Total

 

$

106,547

 

 

$

81,607

 

 

$

24,940

 

 

$

 

Schedule of Debt Securities Classified as Available-for-Sale Investments The Company did not hold any available-for-sale securities as of March 31, 2023.

 

 

 

December 31, 2022

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair value

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

 

 

 

 

 

 

 

 

 

 

Included in cash and cash equivalents

 

$

81,607

 

 

$

 

 

$

 

 

$

81,607

 

Government securities - due in one year or less

 

 

 

 

 

 

 

 

 

 

 

 

Included in short-term investments

 

 

24,987

 

 

 

 

 

 

(47

)

 

 

24,940

 

Total

 

$

106,594

 

 

$

 

 

$

(47

)

 

$

106,547