| SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS |
Financial
assets measured at fair value on a recurring and non-recurring basis as of March 31, 2022 and December 31, 2021 are summarized
below:
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS
| (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Fair Value at
March 31,
2022 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Recurring Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
16,694 |
|
|
$ |
16,694 |
|
|
$ |
- |
|
|
$ |
- |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. treasury securities |
|
|
10,989 |
|
|
|
- |
|
|
|
10,989 |
|
|
|
- |
|
| Total assets measured at fair value |
|
$ |
27,683 |
|
|
$ |
16,694 |
|
|
$ |
10,989 |
|
|
$ |
- |
|
| Description |
|
Fair
Value at
December 31,
2021 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Recurring Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
28,590 |
|
|
$ |
28,590 |
|
|
$ |
- |
|
|
$ |
- |
|
| Cash equivalents fair value |
|
$ |
28,590 |
|
|
$ |
28,590 |
|
|
$ |
- |
|
|
$ |
- |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. treasury securities |
|
|
12,086 |
|
|
|
- |
|
|
|
12,086 |
|
|
|
- |
|
| Short-term investments fair value |
|
|
12,086 |
|
|
|
- |
|
|
|
12,086 |
|
|
|
- |
|
| Total recurring assets |
|
|
40,676 |
|
|
|
28,590 |
|
|
|
12,086 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-recurring Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Licensed technology, net |
|
$ |
1,384 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,384 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets measured at fair value |
|
$ |
42,060 |
|
|
$ |
28,590 |
|
|
$ |
12,086 |
|
|
$ |
1,384 |
|
|