XML 37 R23.htm IDEA: XBRL DOCUMENT v3.6.0.2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value

The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value as of December 31, 2016 and 2015, and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

 

 

 

December 31, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

Money market funds

 

$

18,029

 

 

$

 

 

$

 

 

$

18,029

 

Corporate notes and obligations

 

 

 

 

 

33,840

 

 

 

 

 

 

33,840

 

U.S. government treasury securities

 

 

41,347

 

 

 

 

 

 

 

 

 

41,347

 

 

 

$

59,376

 

 

$

33,840

 

 

$

 

 

$

93,216

 

 

 

 

December 31, 2015

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

Money market funds

 

$

8,015

 

 

$

 

 

$

 

 

$

8,015

 

Corporate notes and obligations

 

 

 

 

 

2,245

 

 

 

 

 

 

2,245

 

U.S. agency securities

 

 

 

 

 

3,015

 

 

 

 

 

 

3,015

 

U.S. government treasury securities

 

 

1,000

 

 

 

 

 

 

 

 

 

1,000

 

Preferred stock warrant liability

 

 

 

 

 

 

 

 

(414

)

 

 

(414

)

 

 

$

9,015

 

 

$

5,260

 

 

$

(414

)

 

$

13,861

 

 

Schedule of Reconciliation of Preferred Stock Warrant Liability Measured at Fair Value Using Significant Unobservable Inputs

The following table presents a reconciliation of the preferred stock warrant liability measured at fair value using significant unobservable inputs (in thousands):

 

Balance as of December 31, 2014

 

 

 

$

357

 

Changes in fair value of underlying warrant securities, recorded to interest expense

 

 

 

 

57

 

Balance as of December 31, 2015

 

 

 

 

414

 

Changes in fair value of underlying warrant securities, recorded to interest expense

 

 

 

 

202

 

Conversion of warrant, recorded to additional paid-in capital

 

 

 

 

(616

)

Balance as of December 31, 2016

 

 

 

$