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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of valuation of the Company's investments and financial instruments that are measured at fair value on a recurring basis
 
 
December 31, 2018
 
December 31, 2017
 
 
 
 
Fair value measurement category
 
 
 
Fair value measurement category
(In thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds
 
$
5,838

 
$
5,838

 
$

 
$

 
$

 
$

 
$

 
$

Repurchase agreements
 
5,000

 

 
5,000

 

 

 

 

 

Commercial paper
 
30,710

 

 
30,710

 

 

 

 

 

Corporate notes
 
13,144

 

 
13,144

 

 

 

 

 

U.S. government securities
 
10,166

 

 
10,166

 

 

 

 

 

U.S. asset-backed securities
 
10,618

 

 
10,618

 

 

 

 

 

 
 
$
75,476

 
$
5,838

 
$
69,638

 
$

 
$

 
$

 
$

 
$

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant liabilities
 
$

 
$

 
$

 
$

 
$
1,014

 
$

 
$
1,014

 
$

Summary of change in estimated fair values of warrant liabilities
The following table summarizes the change in the estimated fair value of the Company’s warrant liabilities: 
Warrant Liabilities (In thousands)
 
 
Balance at December 31, 2016
 
$
757

Increase in fair value
 
257

Balance at December 31, 2017
 
1,014

Increase in fair value (net of expired warrants)
 
2,524

Warrant exercise
 
(3,538
)
Balance at December 31, 2018
 
$