Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Assets measured on a recurring basis
The following table summarizes the assets measured at fair value on a recurring basis by level within the fair value hierarchy for the year ended December 31, 2022 (in thousands):
Level 1 Level 2 Level 3 Total
Cash equivalents
Money market funds $ 41,213  $ —  $ —  $ 41,213 
Commercial paper —  8,980  —  8,980 
Short-term investments
US government and agency securities 24,944  11,663  —  36,607 
Commercial paper —  14,733  —  14,733 
Total $ 66,157  $ 35,376  $ —  $ 101,533 
The following table summarizes the assets measured at fair value on a recurring basis by level within the fair value hierarchy for the year ended December 31, 2021 (in thousands):
Level 1 Level 2 Level 3 Total
Cash equivalents
Money market funds $ 118,962  $ —  $ —  $ 118,962 
Total $ 118,962  $ —  $ —  $ 118,962 
Debt Securities, Available-for-Sale The following table summarizes the Company's short-term investments on the consolidated balance sheets as of December 31, 2022 (in thousands):
Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value
Short-term investments
US government and agency securities $ 36,595  $ 18  $ (6) $ 36,607 
Commercial paper 14,733  —  —  14,733 
Total $ 51,328  $ 18  $ (6) $ 51,340 
Schedule of Cash and Cash Equivalents
The following table summarizes the Company’s cash and cash equivalents on the consolidated balance sheets as of December 31, 2022 (in thousands):
December 31, 2022
Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value
Cash $ 11,804  $ —  $ —  $ 11,804 
Cash equivalents
Money market funds 41,213  —  —  41,213 
Commercial paper 8,980  —  —  8,980 
Total $ 61,997  $ —  $ —  $ 61,997