Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.2.2
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING AND NON-RECURRING BASIS

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):

 

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