Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.23.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Value of Financial Instrument

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

 

    December 31, 2022  
          Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
Short-term investments   $ 10,866     $     $ (30 )   $ 10,836  

Total

  $ 10,866     $     $ (30 )   $ 10,836  

 

    December 31, 2021  
          Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
Short-term investments   $ 23,040     $     $ (29 )   $ 23,011  
Total   $ 23,040     $     $ (29 )   $ 23,011  
Schedule of Fair Value Hierarchy Financial Assets

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, 2022  
    Fair Value     Level 1     Level 2     Level 3  
Money market funds   $ 5,505     $ 5,505     $     $  
Corporate notes and commercial paper     10,836       10,836              
Total financial assets   $ 16,341     $ 16,341     $     $  

 

      1       2       3       4  
    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     $ 28,495     $     $