Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

The following table sets forth a summary of the changes in the fair value of the Company’s Level 1 financial instruments as follows (in thousands):

	Fair Value Measurements at March 31, 2016
	Total		Level 1		Level 2		Level 3
Assets
Money Market funds	$	99,060	$	99,060	$	—	$	—

	Fair Value Measurements at December 31, 2015
	Total		Level 1		Level 2		Level 3
Assets
Money Market funds	$	111,533	$	111,533	$	—	$	—

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments as follows (in thousands):

	Convertible preferred stock
	call option liability, net
Balance at December 31, 2014	$	314
Change in fair value recorded in statement of operations and comprehensive loss		(314	)
Balance at March 31, 2015	$	—