Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE

v3.22.2.2
FAIR VALUE
9 Months Ended
Sep. 30, 2022
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 September 30, 2022

    

Level 1

    

Level 2

    

Level 3

    

Total

Money market funds

$

8,084

$

$

$

8,084

US treasury bills

17,160

17,160

Government-sponsored enterprise securities

 

 

23,898

 

 

23,898

Corporate bonds and commercial paper

 

 

28,795

 

 

28,795

Total

$

8,084

$

69,853

$

$

77,937

Assets at Fair Value as of December 31, 2021

    

Level 1

    

Level 2

    

Level 3

    

Total

Money market funds

$

6,842

$

$

$

6,842

US treasury bills

35,366

35,366

Government-sponsored enterprise securities

 

 

14,678

 

 

14,678

Corporate bonds and commercial paper

 

 

61,832

 

 

61,832

Total

$

6,842

$

111,876

$

$

118,718