XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are as follows (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

Total

 

 

Quoted Prices in

Active Markets

for Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

11,958

 

 

$

11,958

 

 

$

—

 

 

$

—

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

 

1,008

 

 

 

—

 

 

 

1,008

 

 

 

—

 

Commercial paper

 

 

18,183

 

 

 

—

 

 

 

18,183

 

 

 

—

 

Corporate debt securities

 

 

18,859

 

 

 

—

 

 

 

18,859

 

 

 

—

 

Total available-for-sale investments

 

 

38,050

 

 

 

—

 

 

 

38,050

 

 

 

—

 

Total assets measured at fair value

 

$

50,008

 

 

$

11,958

 

 

$

38,050

 

 

$

—

 

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

Total

 

 

Quoted Prices in

Active Markets

for Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

13,708

 

 

$

13,708

 

 

$

—

 

 

$

—

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

 

2,219

 

 

 

—

 

 

 

2,219

 

 

 

—

 

Commercial paper

 

 

5,494

 

 

 

—

 

 

 

5,494

 

 

 

—

 

Corporate debt securities

 

 

7,024

 

 

 

—

 

 

 

7,024

 

 

 

—

 

Total available-for-sale investments

 

 

14,737

 

 

 

—

 

 

 

14,737

 

 

 

—

 

Total assets measured at fair value

 

$

28,445

 

 

$

13,708

 

 

$

14,737

 

 

$

—

 
Schedule of Available-for-sale Investments

As of March 31, 2021 and December 31, 2020, available-for-sale investments are detailed as follows (in thousands):

 

 

 

 

 

March 31, 2021

 

 

 

Contractual Maturity

 

Gross

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Market Value

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

Within 1 year

 

$

1,008

 

 

$

—

 

 

$

—

 

 

$

1,008

 

Commercial paper

 

Within 1 year

 

 

18,183

 

 

 

—

 

 

 

—

 

 

 

18,183

 

Corporate debt securities

 

1 to 2 years

 

 

18,866

 

 

 

—

 

 

 

(7

)

 

 

18,859

 

 

 

 

 

$

38,057

 

 

$

—

 

 

$

(7

)

 

$

38,050

 

 

 

 

 

 

 

December 31, 2020

 

 

 

Contractual Maturity

 

Gross

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Market Value

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

Within 1 year

 

$

2,218

 

 

$

1

 

 

$

—

 

 

$

2,219

 

Commercial paper

 

Within 1 year

 

 

5,491

 

 

 

3

 

 

 

—

 

 

 

5,494

 

Corporate debt securities

 

Within 1 year

 

 

7,021

 

 

 

3

 

 

 

—

 

 

 

7,024

 

 

 

 

 

$

14,730

 

 

$

7

 

 

$

—

 

 

$

14,737