| Schedule of financial assets measured at fair value on a recurring basis |
The following fair value hierarchy table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands):
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|
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|
|
|
|
|
|
|
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|
|
|
June 30, 2023 |
|
|
Quoted Prices in |
|
Significant |
|
|
|
|
|
|
|
|
Active Markets |
|
Other |
|
Significant |
|
|
|
|
|
for Identical |
|
Observable |
|
Unobservable |
|
|
|
|
|
Items |
|
Inputs |
|
Inputs |
|
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
66,332 |
|
$ |
— |
|
$ |
— |
|
$ |
66,332 |
U.S. Treasury securities |
|
|
— |
|
|
4,993 |
|
|
— |
|
|
4,993 |
Equity securities |
|
|
940 |
|
|
— |
|
|
— |
|
|
940 |
Other investments |
|
|
— |
|
|
— |
|
|
2,000 |
|
|
2,000 |
Total assets |
|
$ |
67,272 |
|
$ |
4,993 |
|
$ |
2,000 |
|
$ |
74,265 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
$ |
— |
|
$ |
— |
|
$ |
197 |
|
$ |
197 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
197 |
|
$ |
197 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
Quoted Prices in |
|
Significant |
|
|
|
|
|
|
|
|
Active Markets |
|
Other |
|
Significant |
|
|
|
|
|
for Identical |
|
Observable |
|
Unobservable |
|
|
|
|
|
Items |
|
Inputs |
|
Inputs |
|
|
|
|
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
51,274 |
|
$ |
— |
|
$ |
— |
|
$ |
51,274 |
Commercial paper |
|
|
— |
|
|
39,781 |
|
|
— |
|
|
39,781 |
Corporate bonds |
|
|
— |
|
|
28,814 |
|
|
— |
|
|
28,814 |
U.S. Treasury securities |
|
|
|
|
|
19,818 |
|
|
|
|
|
19,818 |
Government bonds |
|
|
— |
|
|
14,744 |
|
|
— |
|
|
14,744 |
Asset-backed securities |
|
|
— |
|
|
3,998 |
|
|
— |
|
|
3,998 |
Equity securities |
|
|
1,088 |
|
|
— |
|
|
— |
|
|
1,088 |
Other investments |
|
|
— |
|
|
— |
|
|
2,000 |
|
|
2,000 |
Total assets |
|
$ |
52,362 |
|
$ |
107,155 |
|
$ |
2,000 |
|
$ |
161,517 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
$ |
— |
|
$ |
— |
|
$ |
2,587 |
|
$ |
2,587 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
2,587 |
|
$ |
2,587 |
|
| Schedule of Level 3 assets measured at fair value |
The following table presents information about the Company’s movement in Level 3 assets measured at fair value (in thousands):
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
2023 |
|
2022 |
Balance at beginning of period |
|
$ |
2,000 |
|
$ |
6,750 |
Additions |
|
|
— |
|
|
— |
Changes in fair value |
|
|
— |
|
|
(800) |
Disposals |
|
|
— |
|
|
— |
Transfers to Level 1 |
|
|
— |
|
|
— |
Balance at end of period |
|
$ |
2,000 |
|
$ |
5,950 |
|
| Schedule of Level 3 liabilities measured at fair value |
The following table presents information about the Company’s movement in Level 3 liabilities measured at fair value (in thousands):
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
2023 |
|
2022 |
Balance at beginning of period |
|
$ |
2,587 |
|
$ |
5,654 |
Payment of contingent consideration liability |
|
|
(2,390) |
|
|
(1,500) |
Changes in fair value |
|
|
— |
|
|
5 |
Balance at end of period |
|
$ |
197 |
|
$ |
4,159 |
|