Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE

v3.23.1
FAIR VALUE
3 Months Ended
Mar. 31, 2023
FAIR VALUE  
FAIR VALUE

8.

Fair Value

The table below summarizes the fair value of our cash equivalents and short-term investments measured at fair value on a recurring basis, and are categorized based upon the lowest level of significant input to the valuations (in thousands):

Assets at Fair Value as of March 31, 2023

    

Level 1

    

Level 2

    

Level 3

    

Total

Money market funds

$

17,174

$

$

$

17,174

Government-sponsored enterprise securities

 

 

25,442

 

 

25,442

Corporate bonds and commercial paper

 

 

12,926

 

 

12,926

Total

$

17,174

$

38,368

$

$

55,542

Assets at Fair Value as of December 31, 2022

    

Level 1

    

Level 2

    

Level 3

    

Total

Money market funds

$

4,155

$

$

$

4,155

US treasury bills

5,225

5,225

Government-sponsored enterprise securities

 

 

15,796

 

 

15,796

Corporate bonds and commercial paper

 

 

26,766

 

 

26,766

Total

$

4,155

$

47,787

$

$

51,942