Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above (in thousands):

 

 

 

March 31, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

20,342

 

 

$

20,342

 

 

$

 

 

$

 

U.S. Treasury securities

 

 

96,566

 

 

 

96,566

 

 

 

 

 

 

 

Commercial paper

 

 

6,992

 

 

 

 

 

 

6,992

 

 

 

 

Corporate debt securities

 

 

15,842

 

 

 

 

 

 

15,842

 

 

 

 

Total

 

$

139,742

 

 

$

116,908

 

 

$

22,834

 

 

$

 

 

 

 

 

December 31, 2020

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

19,347

 

 

$

19,347

 

 

$

 

 

$

 

U.S. Treasury securities

 

 

107,708

 

 

 

107,708

 

 

 

 

 

 

 

Commercial paper

 

 

1,000

 

 

 

 

 

 

1,000

 

 

 

 

Corporate debt securities

 

 

10,511

 

 

 

 

 

 

10,511

 

 

 

 

Total

 

$

138,566

 

 

$

127,055

 

 

$

11,511

 

 

$