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Fair Value of Financial Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2018
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2018 and 2017:

 

     Fair Value Measurements as of
December 31, 2018 Using:
 
     Level 1      Level 2      Level 3      Total  

Assets:

           

Money market funds

   $ 126,047      $ —        $ —        $ 126,047  

Restricted cash

     492        —          —          492  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 126,539      $ —        $ —        $ 126,539  
  

 

 

    

 

 

    

 

 

    

 

 

 
     Fair Value Measurements as of
December 31, 2017 Using:
 
     Level 1      Level 2      Level 3      Total  

Assets:

           

Money market funds

   $ 5,684      $ —        $ —        $ 5,684  

Restricted cash

     24        —          —          24  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 5,708      $ —        $ —        $ 5,708  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Derivative liability

   $ —        $ —        $ 371      $ 371  

Warrant to purchase redeemable convertible preferred stock

     —          —          35        35  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ —        $ —        $ 406      $ 406  
  

 

 

    

 

 

    

 

 

    

 

 

 
Warrants to Purchase Redeemable Convertible Preferred Stock [Member]  
Summary of Changes in Fair Value Determined by Level 3 Inputs

The following table sets forth a summary of changes in the fair value of the Company’s preferred stock warrant liability for which fair value was determined by Level 3 inputs:

 

     Warrant
Liability
 

Balance as of December 31, 2016

   $ —    

Initial fair value of warrant to purchase redeemable convertible preferred stock

     18  

Change in fair value

     17  
  

 

 

 

Balance as of December 31, 2017

   $ 35  

Change in fair value

     162  

Conversion of preferred stock warrant to common stock warrant

     (197
  

 

 

 

Balance as of December 31, 2018

   $ —  
  

 

 

 
Derivative Liabilities [Member]  
Summary of Changes in Fair Value Determined by Level 3 Inputs

The following table sets forth a summary of changes in the fair value of the Company’s derivative liability for which fair value is determined by Level 3 inputs:

 

     Derivative
Liability
 

Balance as of December 31, 2016

   $ 88  

Change in fair value

     283  
  

 

 

 

Balance as of December 31, 2017

     371  

Change in fair value

     1,629  

Payment

     (2,000
  

 

 

 

Balance as of December 31, 2018

   $ —