Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Financial Assets Measured at Fair Value on a Recurring Basis

The following tables present information about our financial assets that have been measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation inputs utilized to determine fair value (in thousands):


	Fair Value Measurements as of								Amortized Cost as of
	March 31, 2021								March 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	17,015	$	—	$	—	$	17,015	$	17,015
Investments	—		—		5,693		5,693		N/A
Restricted cash equivalents	1,630		—		—		1,630		1,630
Total assets	$	18,645	$	—	$	5,693	$	24,338	N/A
Liabilities:
Accrued and other current liabilities
Napster acquisition contingent consideration	$	—	$	—	$	3,760	$	3,760	N/A
Other long-term liabilities
Simple Agreements for Future Equity	—		—		2,106		2,106		N/A
Total liabilities	$	—	$	—	$	5,866	$	5,866	N/A


	Fair Value Measurements as of								Amortized Cost as of
	December 31, 2020								December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	23,940	$	—	$	—	$	23,940	$	23,940
Investments	—		—		9,965		9,965		N/A
Restricted cash equivalents	1,630		—		—		1,630		1,630
Total assets	$	25,570	$	—	$	9,965	$	35,535	N/A
Liabilities:
Accrued and other current liabilities
Napster acquisition contingent consideration	$	—	$	—	$	4,800	$	4,800	N/A
Other long-term liabilities
Simple Agreements for Future Equity	—		—		2,106		2,106		N/A
Total liabilities	$	—	$	—	$	6,906	$	6,906	N/A