v3.22.2.2
FAIR VALUE MEASUREMENTS
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Assets and liabilities measured at fair value on a recurring basis were as follows:
Fair Value Hierarchy
(in thousands)September 30, 2022Level 1Level 2Level 3
Assets:
Cash and cash equivalents$27,196 $27,196 $— $— 
Restricted cash676 676 — — 
Total assets$27,872 $27,872 $— $— 
Fair Value Hierarchy
(in thousands)December 31, 2021Level 1Level 2Level 3
Assets:
Cash and cash equivalents$19,689 $19,689 $— $— 
Restricted cash400 400 — — 
Total assets$20,089 $20,089 $— $— 
The carrying amount of the Company's term loan approximates fair value based upon market interest rates available to us for debt of similar risk and maturities. Refer to Note 8, Debt, for further information.