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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are summarized as follows:
As of September 30, 2022
Fair Value Measurements Using
Level 1
Level 2
Level 3
Total
Assets
Cash$12,678$$$12,678
Money market funds and other cash equivalents97,6451,99799,642
Total cash and cash equivalents110,3231,997112,320
Available-for-sale securities144,472144,472
Trading securities1,0901,090
Total assets$110,323$146,469$1,090$257,882
Liabilities
Warrant liability432432
Total liabilities$$432$$432
As of December 31, 2021
Fair Value Measurements Using
Level 1Level 2Level 3Total
Assets
Cash$8,983$$$8,983
Money market funds76,70139,098115,799
Total cash and cash equivalents85,68439,098124,782
Available-for-sale securities261,851261,851
Trading securities4,3004,300
Total assets$85,684$300,949$4,300$390,933
Liabilities
Warrant liability9,7879,787
Total liabilities$$9,787$$9,787
Schedule Of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table represents the activity of the Level 3 instruments:
Trading Securities
Balance at December 31, 2021$4,300 
Purchases250 
Change in fair value(a)
(3,460)
Balance at September 30, 2022$1,090 
(a)Recorded in other income (expense) within the Condensed Consolidated Statements of Operations and Comprehensive Loss.