Schedule of the Company's financial assets and financial liabilities measured at fair value on a recurring basis |
The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of December 31, 2019 and December 31, 2018, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value (in thousands). The Company did not have any financial liabilities measured at fair value on a recurring basis as of December 31, 2018. | | | | | | | | | | | | | | | | At December 31, 2019 | | | | | | | | | | Significant | | | | | | | | | | Quoted prices in | | other | | Significant | | | | | | | active markets for | | observable | | unobservable | | | | December 31, | | identical assets | | inputs | | inputs | | | | 2019 | | (Level 1) | | (Level 2) | | (Level 3) | | Assets | | | | | | | | | | | | | | Money market funds (i) | | $ | 2,530 | | $ | 2,530 | | $ | — | | $ | — | | Bank certificates of deposit (ii)(iii) | | | 14,208 | | | — | | | 14,208 | | | — | | Commercial paper (ii) | | | 7,484 | | | — | | | 7,484 | | | — | | Corporate notes (ii) | | | 65,638 | | | — | | | 65,638 | | | — | | Asset-backed securities (ii) | | | 25,424 | | | — | | | 25,424 | | | — | | Total assets | | $ | 115,284 | | $ | 2,530 | | $ | 112,754 | | $ | — | | Liabilities | | | | | | | | | | | | | | Cash-settled stock options | | $ | 6,685 | | | — | | | 6,685 | | | — | | Total liabilities | | $ | 6,685 | | $ | — | | $ | 6,685 | | $ | — | |
(i) | Included in cash and cash equivalents with a maturity of three months or less from date of purchase on the consolidated balance sheets. |
(ii) | Included in short-term investments on the consolidated balance sheets. |
(iii) | One bank certificate of deposit investment totaling $1,201 (in thousands) is included in cash and cash equivalents on the consolidated balance sheets, as the investment has a maturity of three months or less from the date of purchase on the consolidated balance sheets. |
| | | | | | | | | | | | | | | | | At December 31, 2018 | | | | | | | | | | Significant | | | | | | | | | | Quoted prices in | | other | | Significant | | | | | | | active markets for | | observable | | unobservable | | | | December 31, | | identical assets | | inputs | | inputs | | | | 2018 | | (Level 1) | | (Level 2) | | (Level 3) | | Assets | | | | | | | | | | | | | | Money market funds (i) | | $ | 1,156 | | $ | 1,156 | | $ | — | | $ | — | | U.S. government agency bonds (ii) | | | 1,982 | | | — | | | 1,982 | | | — | | U.S. Government bonds (ii) | | | 1,297 | | | — | | | 1,297 | | | — | | Bank certificates of deposit (ii) | | | 15,201 | | | — | | | 15,201 | | | — | | Commercial paper (ii) | | | 9,593 | | | — | | | 9,593 | | | — | | Corporate notes (ii)(iii) | | | 61,752 | | | — | | | 61,752 | | | — | | Asset-backed securities (ii) | | | 21,842 | | | — | | | 21,842 | | | — | | Total assets | | $ | 112,823 | | $ | 1,156 | | $ | 111,667 | | $ | — | |
(i) | Included in cash and cash equivalents with a maturity of three months or less from date of purchase on the consolidated balance sheets. |
(ii) | Included in short-term investments on the consolidated balance sheets. |
(iii) | One corporate note investment totaling $1,000 (in thousands) is included in cash and cash equivalents on the consolidated balance sheets, as the investment has a maturity of three months or less from the date of purchase on the consolidated balance sheets. |
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