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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The following tables present the balances of assets measured at fair value on a recurring basis, by level within the fair value hierarchy, as of December 31, 2016, all such balances as of December 31, 2015 were $0:

 

 

 

DECEMBER 31, 2016

 

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

 

 

(in thousands)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

14,065

 

 

$

 

 

$

 

U.S. government agency securities

 

 

 

 

 

4,997

 

 

 

 

Corporate notes and bonds

 

 

 

 

 

959

 

 

 

 

Commercial Paper

 

 

 

 

 

2,948

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

 

 

 

 

 

36,531

 

 

 

 

Corporate notes and bonds

 

 

 

 

 

19,252

 

 

 

 

Commercial Paper

 

 

 

 

 

11,122

 

 

 

 

Total assets measured at fair value

 

$

14,065

 

 

$

75,809

 

 

$

 

 

Summary of Liabilities Measured at Fair Value on Recurring Basis

The following table presents the balances of liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, as of December 31, 2015, all such balances as of December 31, 2016 were $0:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DECEMBER 31, 2015

 

 

 

LEVEL 1

 

 

LEVEL 2

 

 

LEVEL 3

 

 

 

(in thousands)

 

Convertible preferred stock warrants

 

$

 

 

$

 

 

$

2,865

 

Total liabilities measured at fair value

 

$

 

 

$

 

 

$

2,865

 

 

Roll-Forward of Fair Value of Preferred Stock Warrant Liabilities Categorized as Level 3

The following table provides a roll-forward of the fair value of the preferred stock warrant liabilities categorized as Level 3 for the years ended December 31, 2016 and 2015 (in thousands):

 

Balance at December 31, 2013

 

$

3,170

 

Remeasurement of convertible preferred stock warrants

 

 

398

 

Balance at December 31, 2014

 

$

3,568

 

Remeasurement of convertible preferred stock warrants

 

 

(703

)

Balance at December 31, 2015

 

 

2,865

 

Remeasurement of convertible preferred stock warrants

 

 

(559

)

Exercise of preferred stock warrants

 

 

(1,801

)

Conversion of preferred stock warrants into common stock warrants at initial public offering

 

 

(505

)

Balance at December 31, 2016

 

$