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 equivalents | 97,645 | | 1,997 | | — | | 99,642 | Total cash and cash equivalents | 110,323 | | 1,997 | | — | | 112,320 | Available-for-sale securities | — | | 144,472 | | — | | 144,472 | Trading securities | — | | — | | 1,090 | | 1,090 | Total assets | $ | 110,323 | | $ | 146,469 | | $ | 1,090 | | $ | 257,882 | | | | | | | | | Liabilities | | | | | | | | Warrant liability | — | | 432 | | — | | 432 | Total liabilities | $ | — | | $ | 432 | | $ | — | | $ | 432 |
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2021 | | Fair Value Measurements Using | | Level 1 | | Level 2 | | Level 3 | | Total | Assets | | | | | | | | Cash | $ | 8,983 | | $ | — | | $ | — | | $ | 8,983 | Money market funds | 76,701 | | 39,098 | | — | | 115,799 | Total cash and cash equivalents | 85,684 | | 39,098 | | — | | 124,782 | Available-for-sale securities | — | | 261,851 | | — | | 261,851 | Trading securities | — | | — | | 4,300 | | 4,300 | Total assets | $ | 85,684 | | $ | 300,949 | | $ | 4,300 | | $ | 390,933 | | | | | | | | | Liabilities | | | | | | | | Warrant liability | — | | 9,787 | | — | | 9,787 | 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 | | Purchases | | 250 | | 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.
|