| Schedule of Cash Equivalents and Marketable Securities Classified as Available-for-Sale Securities Measured at Fair Value on Recurring Basis |
Cash equivalents and marketable securities, all of which are classified as available-for-sale securities and measured at fair value on a recurring basis, consisted of the following (in thousands):
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As of September 30, 2022 |
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Fair Value
Hierarchy
Level |
|
Amortized
Cost |
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|
Unrealized
Gains |
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Unrealized
Losses |
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Fair
Value |
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Financial assets: |
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Money market funds |
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Level 1 |
|
$ |
26,567 |
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|
$ |
— |
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$ |
— |
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|
$ |
26,567 |
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Corporate debt |
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Level 2 |
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|
56,708 |
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|
|
— |
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|
|
(618 |
) |
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|
56,090 |
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Commercial paper |
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Level 2 |
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|
58,513 |
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|
|
— |
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— |
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|
|
58,513 |
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U.S. government agency securities |
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Level 2 |
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53,706 |
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5 |
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(584 |
) |
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|
53,127 |
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Subtotal |
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195,494 |
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5 |
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(1,202 |
) |
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|
194,297 |
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Less: Cash equivalents |
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(26,567 |
) |
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— |
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— |
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(26,567 |
) |
Marketable securities |
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$ |
168,927 |
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|
$ |
5 |
|
|
$ |
(1,202 |
) |
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$ |
167,730 |
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As of December 31, 2021 |
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|
|
Fair Value
Hierarchy
Level |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
|
Unrealized
Losses |
|
|
Fair
Value |
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Financial assets: |
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Money market funds |
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Level 1 |
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$ |
22,658 |
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|
$ |
— |
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$ |
— |
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$ |
22,658 |
|
Corporate debt |
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Level 2 |
|
|
52,704 |
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|
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— |
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|
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(139 |
) |
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|
52,565 |
|
Asset-backed securities |
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Level 2 |
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23,882 |
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— |
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(21 |
) |
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|
23,861 |
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Commercial paper |
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Level 2 |
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59,532 |
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— |
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— |
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|
59,532 |
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U.S. government agency securities |
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Level 2 |
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29,744 |
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— |
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(75 |
) |
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29,669 |
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Subtotal |
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188,520 |
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— |
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(235 |
) |
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|
188,285 |
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Less: Cash equivalents |
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(22,658 |
) |
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— |
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— |
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— |
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(22,658 |
) |
Marketable securities |
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|
|
$ |
165,862 |
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|
$ |
— |
|
|
|
$ |
(235 |
) |
|
$ |
165,627 |
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| Schedule of Remaining Contractual Maturities of Marketable Securities |
The following table presents the remaining contractual maturities of the Company’s marketable securities as of September 30, 2022 (in thousands):
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September 30, 2022 |
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Due in less than one year |
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$ |
167,730 |
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Due in more than one year |
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— |
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Total |
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$ |
167,730 |
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