Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments

v3.22.1
Fair Value of Financial Instruments
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments

Note 3 - Fair Value of Financial Instruments

 

The estimated fair values of financial instruments outstanding were (in thousands):

 

    December 31, 2021  
          Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
Cash and cash equivalents   $ 8,968    (8,189) $     $     $ 8,968  
Short-term investments     23,040             (29 )     23,011  
    $ 32,008     $     $ (29 )   $ 31,979  

 

    December 31, 2020  
          Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
Cash and cash equivalents   $ 5,297     $     $     $ 5,297  
Short-term investments                        
    $ 5,297     $     $     $ 5,297  

 

The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and investments, in thousands):

 

    Fair Value     Level 1     Level 2     Level 3  
    December 31, 2021  
    Fair Value     Level 1     Level 2     Level 3  
Money market funds   $ 5,484     $ 5,484     $     $  
Corporate notes and commercial paper     23,011             23,011        
 Total financial assets   $ 28,495     $ 5,484     $ 23,011     $