Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities and Fair Value (Tables)

v3.8.0.1
Marketable Securities and Fair Value (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Financial Assets at Fair Value on Recurring Basis

The following table sets forth the Company’s financial assets (cash equivalents and marketable securities) at fair value on a recurring basis as of September 30, 2017 and December 31, 2016 (in thousands):

 

 

 

 

 

 

Basis of Fair Value Measurements

 

 

Fair Value as of September 30, 2017

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Money market funds

$

12,450

 

 

$

12,450

 

 

$

 

 

$

 

 

 

 

 

 

 

Basis of Fair Value Measurements

 

 

Fair Value as of December 31, 2016

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Money market funds

$

796

 

 

$

796

 

 

$

 

 

$

 

 

Summary of Company's Available-for-Sale Securities

The Company invests in highly-liquid, investment-grade securities. The following is a summary of the Company’s available-for-sale securities at September 30, 2017 and December 31, 2016 (in thousands):

 

As of September 30, 2017

Cost Basis

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Money market funds

$

12,450

 

 

$

 

 

$

 

 

$

12,450

 

Less cash equivalents

 

(12,450

)

 

 

 

 

 

 

 

 

(12,450

)

Total marketable securities

$

 

 

$

 

 

$

 

 

$

 

 

As of December 31, 2016 (in thousands):

Cost Basis

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Money market funds

$

796

 

 

$

 

 

$

 

 

$

796

 

Less cash equivalents

 

(796

)

 

 

 

 

 

 

 

 

(796

)

Total marketable securities

$

 

 

$

 

 

$

 

 

$