The following table summarizes the fair values of the Company’s assets and liabilities that are measured and reported at fair value on a recurring basis as of June 30, 2022:


(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	142,324	$	—	$	—	$	142,324
Total	$	142,324	$	—	$	—	$	142,324
Liabilities:
Earn-out liability related to shareholders	$	—	$	—	$	2,500	$	2,500
Total	$	—	$	—	$	2,500	$	2,500

The following table summarizes the fair values of the Company’s assets and liabilities that are measured and reported at fair value on a recurring basis as of December 31, 2021:


(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	19,033	$	—	$	—	$	19,033
Total	$	19,033	$	—	$	—	$	19,033
Liabilities:
Earn-out liability related to shareholders	$	—	$	—	$	98,900	$	98,900
Total	$	—	$	—	$	98,900	$	98,900