Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value on a Recurring Basis

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

 

 

 

DECEMBER 31, 2021

 

 

 

TOTAL

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

 

NOT
SUBJECT
TO
LEVELING(1)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

67,603

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

67,603

 

 

 

$

67,603

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

67,603

 

 

 

 

DECEMBER 31, 2020

 

 

 

TOTAL

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

 

NOT
SUBJECT
TO
LEVELING(1)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

81,601

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

81,601

 

 

 

$

81,601

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

81,601

 

 

(1)
Certain cash equivalents that are valued using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.