| Schedule of Fair Value, Assets and Liabilities Measured on a Recurring Basis |
The following table represents the fair value hierarchy for the Company’s financial assets and liabilities held by value on a recurring basis (in thousands):
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March 31, 2023 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
| Assets: |
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| Money market funds |
$ |
106,319 |
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|
$ |
— |
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$ |
— |
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$ |
106,319 |
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| Total cash equivalents |
106,319 |
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— |
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— |
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106,319 |
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| Commercial paper |
— |
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|
64,110 |
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— |
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|
64,110 |
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| Asset-backed securities |
— |
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|
16,802 |
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— |
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|
16,802 |
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| Corporate debt securities |
— |
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|
68,528 |
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— |
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|
68,528 |
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| U.S. treasury bonds |
— |
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|
42,303 |
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— |
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|
42,303 |
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| Total short-term investments |
— |
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|
191,743 |
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— |
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|
191,743 |
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| Total cash equivalents and short-term investments |
$ |
106,319 |
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$ |
191,743 |
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$ |
— |
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$ |
298,062 |
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December 31, 2022 |
|
Level 1 |
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Level 2 |
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Level 3 |
|
Total |
| Assets: |
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| Money market funds |
$ |
91,376 |
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|
$ |
— |
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|
$ |
— |
|
|
$ |
91,376 |
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| Total cash equivalents |
91,376 |
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|
— |
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|
— |
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|
91,376 |
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| Commercial paper |
— |
|
|
47,840 |
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|
— |
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|
47,840 |
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| Asset-backed securities |
— |
|
|
17,198 |
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|
— |
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|
17,198 |
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| Corporate debt securities |
— |
|
|
98,798 |
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— |
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|
98,798 |
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| U.S. treasury bonds |
— |
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|
43,412 |
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|
— |
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|
43,412 |
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| Total short-term investments |
— |
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|
207,248 |
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|
— |
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|
207,248 |
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| Total cash equivalents and short-term investments |
$ |
91,376 |
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|
$ |
207,248 |
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|
$ |
— |
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$ |
298,624 |
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