Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table sets forth the recurring fair value of the Company’s financial assets and liabilities, allocated into the Level 1, Level 2 and Level 3 hierarchy that were measured at fair value on a recurring basis (amounts in thousands):


	Fair Value Measurements as of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	32,035	$	—	$	—	$	32,035
U.S. government treasury bills	70,708		—		—		70,708
Commercial paper	—		53,296		—		53,296
Corporate bonds	—		4,250		—		4,250
Government agency	—		5,287		—		5,287
Total financial assets	$	102,743	$	62,833	$	—	$	165,576


	Fair Value Measurements as of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	140,032	$	—	$	—	$	140,032

(1)Included in cash and cash equivalents in the accompanying balance sheets.