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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value

The following tables represent the Company’s financial assets measured at fair value on a recurring basis and indicate the level of fair value hierarchy utilized to determine such fair values:

 

 

 

 

 

 

Fair Value Measurements at Reporting Date
Using

 

Description

 

March 31,
2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash
   equivalents)

 

$

37,919

 

 

$

37,919

 

 

$

 

 

$

 

Commercial paper (including amounts in cash and cash equivalents)

 

 

86,353

 

 

 

 

 

 

86,353

 

 

 

 

U.S. Treasury securities

 

 

5,484

 

 

 

5,484

 

 

 

 

 

 

 

Total assets

 

$

129,756

 

 

$

43,403

 

 

$

86,353

 

 

$

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date
Using

 

Description

 

December 31,
2022

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash
   equivalents)

 

$

26,587

 

 

$

26,587

 

 

$

 

 

$

 

Commercial paper

 

 

78,336

 

 

 

 

 

 

78,336

 

 

 

 

U.S. Treasury securities

 

 

16,615

 

 

 

16,615

 

 

 

 

 

 

 

Total assets

 

$

121,538

 

 

$

43,202

 

 

$

78,336

 

 

$