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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The Company measures the following financial assets at fair value on a recurring basis. The fair value of these assets was determined as follows (in thousands):

 

 

 

Balance at June 30, 2022

 

 

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

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

$

56,098

 

 

$

56,098

 

 

$

 

 

$

 

Total cash equivalents

 

$

56,098

 

 

$

56,098

 

 

$

 

 

$

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

59,301

 

 

$

 

 

$

59,301

 

 

$

 

Agency bonds

 

 

9,897

 

 

 

 

 

 

9,897

 

 

 

 

Total available-for-sale securities

 

$

69,198

 

 

$

 

 

$

69,198

 

 

$

 

 

 

 

 

Balance at
December 31,
2021

 

 

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

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

$

31,726

 

 

$

31,726

 

 

$

 

 

$

 

Total cash equivalents

 

$

31,726

 

 

$

31,726

 

 

$

 

 

$

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

61,373

 

 

$

 

 

$

61,373

 

 

$

 

Corporate debt securities

 

 

33,806

 

 

 

 

 

 

33,806

 

 

 

 

Agency bonds

 

 

15,114

 

 

 

 

 

 

15,114

 

 

 

 

Commercial paper

 

 

1,999

 

 

 

 

 

 

1,999

 

 

 

 

Total available-for-sale securities

 

$

112,292

 

 

$

 

 

$

112,292

 

 

$

 

Available-for-sale securities, long-term:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

13,547

 

 

$

 

 

$

13,547

 

 

$

 

Total available-for-sale securities, long-term

 

$

13,547

 

 

$

 

 

$

13,547

 

 

$