Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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, 2023	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	22,548	$	—	$	—	$	22,548
Certificates of deposit	2,059		—		—		2,059
Total assets	$	24,607	$	—	$	—	$	24,607
Long-term liabilities:
Contingent consideration	—		—		(62,300)		(62,300)
Total liabilities	$	—	$	—	$	(62,300)	$	(62,300)

December 31, 2022	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	10,098	$	—	$	—	$	10,098
Total assets	$	10,098	$	—	$	—	$	10,098
Long-term liabilities:
Contingent consideration	—		—		(40,400)		(40,400)
Total liabilities	$	—	$	—	$	(40,400)	$	(40,400)

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, 2022	$	(40,400)
Change in valuation	(21,900)
Balance as of September 30, 2023	$	(62,300)