Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

v3.22.2
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

5. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

 

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 June 30, 2022 (in thousands):

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash Equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

21,783

 

 

$

 

 

$

 

 

$

21,783

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Term deposits

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

 

 

 

12,435

 

 

 

 

 

 

12,435

 

Corporate debt securities

 

 

 

 

 

35,098

 

 

 

 

 

 

35,098

 

Asset backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

21,783

 

 

$

47,533

 

 

$

 

 

$

69,316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 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