Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

v3.22.0.1
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2021 (in thousands):

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

Cash Equivalents:

 

 

 

 

 

 

 

 

Money market funds

 

$18,255

 

$—

 

$—

 

$18,255

Investments:

 

 

 

 

 

 

 

 

Term deposits

 

16,752

 

 

 

16,752

Commercial paper

 

 

12,794

 

 

12,794

Corporate debt securities

 

 

32,864

 

 

32,864

Asset backed securities

 

 

10,231

 

 

10,231

 

 

$35,007

 

$55,889

 

$—

 

$90,896

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Derivative liabilities

 

$—

 

$—

 

$134

 

$134

 

 

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2020 (in thousands):

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

Cash Equivalents:

 

 

 

 

 

 

 

 

Money Market funds

 

$84,195

 

$—

 

$—

 

$84,195

 

 

84,195

 

 

 

84,195

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$—

 

$—

 

$797

 

$797