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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

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

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

March 31,

 

 

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

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

 

 

2023

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

    Money market funds

 

$

20,334

 

 

$

20,334

 

 

$

-

 

 

$

-

 

    Corporate debt securities

 

 

 

 

 

 

 

 

 

 

 

 

Total cash equivalents

 

$

20,334

 

 

$

20,334

 

 

$

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

    US treasury bills

 

 

2,987

 

 

 

2,987

 

 

 

 

 

 

 

    Corporate Bonds and U.S. Government Agency Securities

 

 

57,701

 

 

 

7,003

 

 

 

50,698

 

 

 

 

Total Short-term investments

 

$

60,688

 

 

$

9,990

 

 

$

50,698

 

 

$

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

December 31,

 

 

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

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

    Money market funds

 

$

22,580

 

 

$

22,580

 

 

$

-

 

 

$

-

 

    Corporate debt securities

 

 

7,089

 

 

 

2,098

 

 

 

4,991

 

 

 

 

Total cash equivalents

 

$

29,669

 

 

$

24,678

 

 

$

4,991

 

 

$

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

    US treasury bills

 

 

2,966

 

 

 

2,966

 

 

 

 

 

 

 

    Corporate Bonds and U.S. Government Agency Securities

 

 

62,378

 

 

 

4,732

 

 

 

57,646

 

 

 

 

Total Short-term investments

 

$

65,344

 

 

$

7,698

 

 

$

57,646

 

 

$