Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Measurements

Schedule of fair value of assets measured at fair value on a recurring basis, by level of fair value hierarchy

The following tables present information as of December 31, 2022 and 2021 about the Company’s assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy the Company utilized to determine such fair values (in thousands):

	December 31, 2022
	Fair Value Measured Using						Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Assets
Cash equivalents	$	11,942	$	—	$	—	$	11,942
Marketable securities		22,001		7,143		—		29,144
	$	33,943	$	7,143	$	—	$	41,086

	December 31, 2021
	Fair Value Measured Using						Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Assets
Cash equivalents	$	61,992	$	—	$	—	$	61,992
Marketable securities		1,011		4,982		—		5,993
	$	63,003	$	4,982	$	—	$	67,985

Schedule of fair value of available for sale marketable securities

As of December 31, 2022 and 2021, the fair value of available for sale marketable securities by type of security were as follows (in thousands):

	December 31, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Treasury securities	$	22,020	$	4	$	(23)	$	22,001
U.S. Government agency securities		7,175		—		(32)		7,143
	$	29,195	$	4	$	(55)	$	29,144

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Treasury securities	$	1,012	$	—	$	(2)	$	1,010
U.S. Government agency securities		4,984		—		(1)		4,983
	$	5,996	$	—	$	(3)	$	5,993