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Fair Value (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets Measured on Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022, and indicate the level of the fair value hierarchy utilized to determine such fair value:

 

 

 

Fair Value Measurements as of September 30, 2023

 

 

 

(in thousands)

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

 

Cash equivalents

 

$

54,691

 

 

$

 

 

$

 

 

$

54,691

 

Marketable securities

 

 

 

 

$

 

 

 

 

 

 

 

Total

 

$

54,691

 

 

$

 

 

$

 

 

$

54,691

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements as of December 31, 2022

 

 

 

(in thousands)

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value

 

Cash equivalents

 

$

45,423

 

 

$

 

 

$

 

 

$

45,423

 

Marketable securities

 

 

 

 

 

24,675

 

 

 

 

 

 

24,675

 

Total

 

$

45,423

 

 

$

24,675

 

 

$

 

 

$

70,098