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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Measurements  
Summary of assets and liabilities measured fair value on a recurring basis

As of December 31, 2022

Quoted Prices

Significant

Significant

in Active

Observable

Unobservable

Markets

Inputs

Inputs

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets:

Cash and cash equivalents:

Money market funds

$

1,944

$

$

$

1,944

Short term investments

Corporate debt securities

16,445

16,445

Yankee securities

1,999

1,999

Bonds

2,988

2,988

Treasury bill

5,980

5,980

Reverse repurchase agreements

178,500

178,500

Total

$

7,924

$

199,932

$

$

207,856

As of December 31, 2021

Quoted Prices

Significant

Significant

in Active

Observable

Unobservable

Markets

Inputs

Inputs

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets:

Cash equivalents:

Money market funds

$

1,853

$

$

$

1,853

Short-term investments:

Reverse repurchase agreements

39,000

39,000

Total

$

1,853

$

39,000

$

$

40,853

Summary of warrant liability was valued based on significant inputs not observable in the market, which represents a Level 3

    

December 31, 2021

Balance at beginning of year

$

Issuance of warrants

 

4,332

(Decrease) increase in the fair value of the warrants

 

(864)

Reclassification of warrant liability to additional paid in-capital

 

(3,468)

Ending balance

$

Schedule of fair value of the warrants

Year Ended December 31, 

   

2021

Weighted-average expected volatility

 

89.1-89.3

%

Expected term (in years)

 

9.54-9.88

Risk-free interest rate

 

1.064-1.725

%

Expected dividend yield

 

0

%