Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.20.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

December 31, 2019

 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 

Significant Other Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

136,204

 

 

$

136,204

 

 

$

 

 

$

 

Total

 

$

136,204

 

 

$

136,204

 

 

$

 

 

$

 

 

 

 

December 31, 2018

 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

 

 

Significant Other Observable Inputs (Level 2)

 

 

Significant Unobservable Inputs (Level 3)

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

33,017

 

 

$

33,017

 

 

$

 

 

$

 

Total

 

$

33,017

 

 

$

33,017

 

 

$

 

 

$

 

Summary of Rollforward of Aggregate Fair Value of Convertible Notes

The following table presents a roll-forward of the aggregate fair values of the Company’s convertible notes (Note 6) for which fair value is determined by Level 3 inputs:

 

Balance—January 1, 2018

 

$

 

Initial fair value

 

 

12,535

 

Fair value adjustments

 

 

6,244

 

Conversion into convertible preferred stock

 

 

(18,779

)

Balance—December 31, 2018

 

$