| 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):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 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 |
|
$ |
87,581 |
|
$ |
— |
|
$ |
— |
|
$ |
87,581 |
Commercial paper |
|
|
— |
|
|
56,282 |
|
|
— |
|
|
56,282 |
Corporate bonds |
|
|
— |
|
|
16,108 |
|
|
— |
|
|
16,108 |
Government bonds |
|
|
— |
|
|
17,271 |
|
|
— |
|
|
17,271 |
Asset-backed securities |
|
|
— |
|
|
7,514 |
|
|
— |
|
|
7,514 |
Equity securities |
|
|
5,720 |
|
|
— |
|
|
— |
|
|
5,720 |
Other investments |
|
|
— |
|
|
— |
|
|
6,750 |
|
|
6,750 |
Total assets |
|
$ |
93,301 |
|
$ |
97,175 |
|
$ |
6,750 |
|
$ |
197,226 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
$ |
— |
|
$ |
— |
|
$ |
5,540 |
|
$ |
5,540 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
5,540 |
|
$ |
5,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021 |
|
|
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 |
|
$ |
46,521 |
|
$ |
— |
|
$ |
— |
|
$ |
46,521 |
Commercial paper |
|
|
— |
|
|
70,401 |
|
|
— |
|
|
70,401 |
Corporate bonds |
|
|
— |
|
|
65,617 |
|
|
— |
|
|
65,617 |
Government bonds |
|
|
— |
|
|
36,476 |
|
|
— |
|
|
36,476 |
Asset-backed securities |
|
|
— |
|
|
24,655 |
|
|
— |
|
|
24,655 |
Equity securities |
|
|
7,420 |
|
|
— |
|
|
— |
|
|
7,420 |
Other investments |
|
|
— |
|
|
— |
|
|
6,750 |
|
|
6,750 |
Total assets |
|
$ |
53,941 |
|
$ |
197,149 |
|
$ |
6,750 |
|
$ |
257,840 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
$ |
— |
|
$ |
— |
|
$ |
5,654 |
|
$ |
5,654 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
5,654 |
|
$ |
5,654 |
|
| 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):
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2022 |
|
2021 |
Balance at beginning of period |
|
$ |
6,750 |
|
$ |
3,000 |
Changes in fair value |
|
|
— |
|
|
25 |
Balance at end of period |
|
$ |
6,750 |
|
$ |
3,025 |
|
| 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):
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2022 |
|
2021 |
Balance at beginning of period |
|
$ |
5,654 |
|
$ |
93,328 |
Changes in fair value |
|
|
(114) |
|
|
56,576 |
Exercise of private placement warrants |
|
|
— |
|
|
(149,904) |
Balance at end of period |
|
$ |
5,540 |
|
$ |
— |
|