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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Summary of Company's Financial Assets Recognized at Fair Value

The following table summarizes the Company's financial instruments measured at fair value on a recurring basis as of September 30, 2021. As of December 31, 2020, the Company did not have financial assets or liabilities that are measured at fair value on a recurring basis.

 

 

 

 

 

 

Fair Value Measurements at
Reporting Date Using

 

(in thousands)

 

Total

 

 

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

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

As of September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

  Commercial paper

 

$

12,583

 

 

$

 

 

$

12,583

 

 

$

 

  Corporate debt securities

 

 

14,120

 

 

 

 

 

 

14,120

 

 

 

 

  Government and agency securities

 

 

10,395

 

 

 

7,570

 

 

 

2,825

 

 

 

 

Total assets measured at fair value

 

$

37,098

 

 

$

7,570

 

 

$

29,528

 

 

$