|
The
following table provides a summary of financial assets measured at fair value on a recurring and non-recurring basis as of September
30, 2022 and December 31, 2021 (in thousands):
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS
| Description |
|
Fair Value at September 30, 2022
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Recurring Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
2,312 |
|
|
$ |
2,312 |
|
|
$ |
— |
|
|
$ |
— |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. treasury and federal agency securities |
|
|
12,434 |
|
|
|
— |
|
|
|
12,434 |
|
|
|
— |
|
| Total assets measured at fair value |
|
$ |
14,746 |
|
|
$ |
2,312 |
|
|
$ |
12,434 |
|
|
$ |
— |
|
| Description |
|
Fair Value at December 31, 2021
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Recurring Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money market fund |
|
$ |
28,590 |
|
|
$ |
28,590 |
|
|
$ |
— |
|
|
$ |
— |
|
| Short-term investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. treasury securities |
|
|
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 |
|
|