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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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  September 30, 2017

 

 

 

Fair Value

 

 

Level I

 

 

Level II

 

 

Level III

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

4,691

 

 

$

4,691

 

 

$

—

 

 

$

—

 

Corporate debt securities and commercial paper

 

 

17,261

 

 

 

—

 

 

 

17,261

 

 

 

—

 

Total assets measured at fair value

 

$

21,952

 

 

$

4,691

 

 

$

17,261

 

 

$

—

 

 

 

 

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 September 30, 2017 (in thousands):

 

 

 

As of  September 30, 2017

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated

Fair Value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

5,196

 

 

$

—

 

 

$

—

 

 

$

5,196

 

Money market funds

 

 

4,691

 

 

 

—

 

 

 

—

 

 

 

4,691

 

Corporate debt securities and commercial paper

 

 

17,252

 

 

 

—

 

 

 

(9

)

 

 

17,261

 

Total cash, cash equivalents and investments

 

$

27,139

 

 

$

—

 

 

$

(9

)

 

$

27,148