Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Fair Value Assets Measured on Recurring Basis for Cash, Cash Equivalents and Marketable Securities

The following table summarizes fair value measurements by level for the assets measured at fair value on a recurring basis for cash, cash equivalents and marketable securities:

 

 

 

As of March 31, 2023

 

 

 

 

 

 

Gross

 

 

 

 

 

Cash

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

and cash

 

 

Marketable

 

 

 

cost

 

 

gains

 

 

Fair value

 

 

equivalents

 

 

securities

 

Cash

 

$

23,864

 

 

$

 

 

$

23,864

 

 

$

23,864

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

99,048

 

 

 

 

 

 

99,048

 

 

 

99,048

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

5,985

 

 

 

 

 

 

5,985

 

 

 

5,985

 

 

 

 

U.S. Treasury securities

 

 

25,253

 

 

 

95

 

 

 

25,348

 

 

 

14,920

 

 

 

10,428

 

Institutional Insured Liquidity Deposit Savings

 

 

20,320

 

 

 

 

 

 

20,320

 

 

 

20,320

 

 

 

 

Total

 

$

174,470

 

 

$

95

 

 

$

174,565

 

 

$

164,137

 

 

$

10,428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2022

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

Cash

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

and cash

 

 

 

 

 

 

cost

 

 

gains

 

 

Fair value

 

 

equivalents

 

 

 

 

Cash

 

$

27,970

 

 

$

 

 

$

27,970

 

 

$

27,970

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

113,534

 

 

 

 

 

 

113,534

 

 

 

113,534

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

6,474

 

 

 

 

 

 

6,474

 

 

 

6,474

 

 

 

 

U.S. Treasury securities

 

 

18,913

 

 

 

26

 

 

 

18,939

 

 

 

18,939

 

 

 

 

Institutional Insured Liquidity Deposit Savings

 

 

20,097

 

 

 

 

 

 

20,097

 

 

 

20,097

 

 

 

 

Total

 

$

186,988

 

 

$

26

 

 

$

187,014

 

 

$

187,014

 

 

 

 

Summary of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) were as follows:

 

 

 

Foreign

 

 

Unrealized

 

 

Accumulated

 

 

 

currency

 

 

gains

 

 

other

 

 

 

translation

 

 

on marketable

 

 

comprehensive

 

 

 

adjustments

 

 

securities

 

 

income (loss)

 

Balance as of December 31, 2022

 

$

(269

)

 

$

26

 

 

$

(243

)

Other comprehensive income

 

 

170

 

 

 

69

 

 

 

239

 

Balance as of March 31, 2023

 

$

(99

)

 

$

95

 

 

$

(4

)