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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Summary of Significant Accounting Policies  
Schedule of assets and liabilities measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements as of
June 30, 2018

 

 

 

Estimated
Fair Value

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

120,031

 

$

120,031

 

$

 

$

 

Commercial paper

 

 

500

 

 

 

 

500

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total cash equivalents

 

 

120,531

 

 

120,031

 

 

500

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

997

 

$

 

$

997

 

 

 

Corporate bonds

 

 

1,110

 

 

 

 

1,110

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total short-term investments

 

 

2,107

 

 

 

 

2,107

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

122,638

 

$

120,031

 

$

2,607

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements as of
December 31, 2017

 

 

 

Estimated
Fair Value

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

6,446

 

$

6,446

 

$

 

$

 

Commercial paper

 

 

1,099

 

 

 

 

1,099

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total cash equivalents

 

 

7,545

 

 

6,446

 

 

1,099

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

5,384

 

$

 

$

5,384

 

 

 

Corporate bonds

 

 

1,804

 

 

 

 

1,804

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total short-term investments

 

 

7,188

 

 

 

 

7,188

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

14,733

 

$

6,446

 

$

8,287

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock warrants

 

$

157

 

$

 

$

 

$

157

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of reconciliation of preferred stock warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months
Ended
June 30,

 

Six Months
Ended
June 30,

 

 

 

2018

 

2017

 

2018

 

2017

 

Balance at beginning of period

 

$

978

 

$

57

 

$

157

 

$

53

 

Initial fair value of preferred stock warrants issued

 

 

 

 

 

 

103

 

 

4

 

Reclassified to equity

 

 

(855

)

 

 

 

(855

)

 

 

Change in fair value of preferred stock warrants

 

 

(123

)

 

 

 

595

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

Balance at end of period

 

$

 

$

57

 

$

 

$

57

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​