XML 43 R24.htm IDEA: XBRL DOCUMENT v3.20.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values:

Fair value measurements at December 31, 2019 using:

Level 1

Level 2Level 3Total
Assets:





Money market funds$24,157  $—  $—  $24,157  
Total$24,157  $—  $—  $24,157  
Liabilities:
Derivative liabilities$—  $—  $16  $16  
Total$—  $—  $16  $16  


Fair value measurements at December 31, 2018 using:

Level 1Level 2

Level 3

Total
Liabilities:






Derivative liabilities$—  $—  $4,023  $4,023  
Total$—  $—  $4,023  $4,023  
Schedule of Fair Value Measurement Inputs
The following table presents the key inputs of the tranche rights derivative liabilities, which were extinguished in August 2019:

December 31,

2019

2018

Risk-free interest rate0.0 %2.6 %
Expected term (in years)0.02.0
Expected volatility0.0 %65.0 %
Expected dividend yield0.0 %0.0 %
Reconciliation of Fair Value Liabilities

Derivative liabilities
Balance - December 31, 2017$ 
Issuance of series B preferred stock tranche right4,000  
Change in fair value15  
Balance - December 31, 20184,023  
Change in fair value6,393  
Exercise of series B preferred stock tranche right(10,400) 
Balance - December 31, 2019$16