Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.22.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value of Financial Instruments  
Schedule of cash, cash equivalents and marketable securities

The following table presents fair value of the Company’s cash, cash equivalents, and marketable securities as of March 31, 2022 and December 31, 2021 (in thousands):

March 31, 2022

    

Adjusted 

Unrealized

Unrealized

Cash and Cash

Restricted

Cost

    

Gains

    

Losses

    

Fair Value

    

Equivalents

    

Cash

Cash

$

10,176

$

$

$

10,176

$

8,865

$

1,311

Level 1 (1):

 

 

  

 

  

 

  

 

 

  

Money market funds

 

39,799

 

 

 

39,799

 

39,799

 

Subtotal

 

39,799

 

 

 

39,799

 

39,799

 

Total

$

49,975

$

$

$

49,975

$

48,664

$

1,311

December 31, 2021

Adjusted 

Unrealized

Unrealized

Cash and Cash

Restricted

    

Cost

    

Gains

    

Losses

    

Fair Value

    

Equivalents

    

Cash

Cash

$

9,459

$

$

$

9,459

$

8,148

$

1,311

Level 1 (1):

 

  

 

  

 

  

 

  

 

  

 

  

Money market funds

 

58,775

 

 

 

58,775

 

58,775

 

Subtotal

 

58,775

 

 

 

58,775

 

58,775

 

Total

$

68,234

$

$

$

68,234

$

66,923

$

1,311

(1) The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities.