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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value of Cash Equivalents and Investments by Level within Fair Value Hierarchy

The following tables set forth the fair value of the Company’s cash equivalents and investments by level within the fair value hierarchy (in thousands):

 

 

 

As of  June 30, 2017

 

 

 

Fair Value

 

 

Level I

 

 

Level II

 

 

Level III

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

2,289

 

 

$

2,289

 

 

$

 

 

$

 

Corporate debt securities and commercial paper

 

 

20,523

 

 

 

 

 

 

20,523

 

 

 

 

Total assets measured at fair value

 

$

22,812

 

 

$

2,289

 

 

$

20,523

 

 

$

 

 

 

 

As of December 31, 2016

 

 

 

Fair Value

 

 

Level I

 

 

Level II

 

 

Level III

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

2,669

 

 

$

2,669

 

 

$

 

 

$

 

Corporate debt securities and commercial paper

 

 

22,030

 

 

 

 

 

 

22,030

 

 

 

 

Total assets measured at fair value

 

$

24,699

 

 

$

2,669

 

 

$

22,030

 

 

$

 

 

Schedule of Cash, Cash Equivalents, and Investments

Cash, cash equivalents, and investments consisted of the following as of June 30, 2017 (in thousands):

 

 

 

As of  June 30, 2017

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated

Fair Value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

4,210

 

 

$

 

 

$

 

 

$

4,210

 

Money market funds

 

 

2,289

 

 

 

 

 

 

 

 

 

2,289

 

Corporate debt securities and commercial paper

 

 

20,502

 

 

 

 

 

 

(21

)

 

 

20,523

 

Total cash, cash equivalents and investments

 

$

27,001

 

 

$

 

 

$

(21

)

 

$

27,022