Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Fair Value Assets Measured on Recurring Basis

The following tables present the Company’s financial assets that are measured at fair value on a recurring basis using the above input categories (in thousands):


	As of March 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	34,808	$	—	$	—	$	34,808

Total cash equivalents		34,808		—		—		34,808
Marketable securities:
U.S. and foreign commercial paper		—		31,275		—		31,275
U.S. and foreign corporate debt securities		—		35,805		—		35,805
Supranational debt securities		—		4,518		—		4,518
U.S. treasury securities		—		47,851		—		47,851

Total marketable securities		—		119,449		—		119,449

Total assets measured at fair value	$	34,808	$	119,449	$	—	$	154,257


	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	85,638	$	—	$	—	$	85,638

Total cash equivalents		85,638		—		—		85,638
Marketable securities:
U.S. and foreign commercial paper		—		28,760		—		28,760
U.S. and foreign corporate debt securities		—		23,535		—		23,535
Asset-backed securities		—		8,522		—		8,522
U.S. treasury securities		—		7,979		—		7,979

Total marketable securities		—		68,796		—		68,796

Total assets measured at fair value	$	85,638	$	68,796	$	—	$	154,434

Marketable Securities

The following table shows the fair value of the Company’s marketable securities, by contractual maturity, as of March 31, 2022 (in thousands):


Due less than 1 year	$	114,564
Due between 1 and 2 years		4,885

Total fair value	$	119,449