Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Instruments Measured at Fair Value

The following is a summary of our financial instruments measured at fair value on a recurring basis (in thousands):

September 30, 2022	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	10,051	$	—	$	—	$	10,051
Total assets	$	10,051	$	—	$	—	$	10,051
Long-term liabilities:
Contingent consideration	—		—		(44,800)		(44,800)
Total liabilities	$	—	$	—	$	(44,800)	$	(44,800)

December 31, 2021	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	10,015	$	—	$	—	$	10,015
Total assets	$	10,015	$	—	$	—	$	10,015
Long-term liabilities:
Contingent consideration	—		—		(49,400)		(49,400)
Total liabilities	$	—	$	—	$	(49,400)	$	(49,400)

Reconciliation of Changes in Fair Value of Level 3 Liabilities

Changes in fair value of Level 3 assets and liabilities are listed in the tables below (in thousands):

	Contingent Consideration
Balance as of December 31, 2021	$	(49,400)
Change in valuation	4,600
Balance as of September 30, 2022	$	(44,800)