Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Measurements  
Schedule of fair value of assets measured at fair value on a recurring basis, by level of fair value hierarchy

The following tables present information as of December 31, 2021 and 2020 about the Company’s assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy the Company utilized to determine such fair values (in thousands):

December 31, 2021

Fair Value Measured Using

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Balance

Assets

 

  

 

  

 

  

 

  

Cash equivalents

$

61,992

$

$

$

61,992

Marketable securities

 

1,011

 

4,982

 

 

5,993

$

63,003

$

4,982

$

$

67,985

December 31, 2020

Fair Value Measured Using

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Balance

Assets

 

  

 

  

 

  

 

  

Cash equivalents

$

15,974

$

$

$

15,974

Marketable securities

6,074

 

21,730

 

 

27,804

$

22,048

$

21,730

$

$

43,778

Schedule of fair value of available for sale marketable securities

As of December 31, 2021 and 2020, the fair value of available for sale marketable securities by type of security were as follows (in thousands):

December 31, 2021

    

    

Gross

    

Gross

    

Amortized

Unrealized

Unrealized

Fair

Cost

Gains

Losses

Value

U.S. Treasury securities

$

1,012

$

$

(2)

$

1,010

U.S. Government agency securities

4,984

(1)

4,983

$

5,996

$

$

(3)

$

5,993

December 31, 2020

    

    

Gross

    

Gross

    

Amortized

Unrealized

Unrealized

Fair

Cost

Gains

Losses

Value

U.S. Treasury securities

$

6,074

$

$

$

6,074

U.S. Government agency securities

21,726

5

(1)

21,730

$

27,800

$

5

$

(1)

$

27,804