Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Short-Term Investments (Tables)

v3.19.3
Cash, Cash Equivalents and Short-Term Investments (Tables)
9 Months Ended
Sep. 30, 2019
Cash And Cash Equivalents [Abstract]  
Schedule of Cash and Cash Equivalents and Short-Term Investments by Significant Investment Category

The following tables show the Company’s cash and cash equivalents and short-term investments by significant investment category as of September 30, 2019 and December 31, 2018 (in thousands):

 

 

September 30, 2019

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

 

Cash and Cash Equivalents

 

 

Short-Term Investments

 

Cash

 

$

2,968

 

 

$

 

 

$

 

 

$

2,968

 

 

$

2,968

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

6,903

 

 

 

 

 

 

 

 

 

6,903

 

 

 

6,903

 

 

 

 

U.S. treasury securities

 

 

3,855

 

 

 

4

 

 

 

 

 

 

3,859

 

 

 

 

 

 

3,859

 

Subtotal

 

 

10,758

 

 

 

4

 

 

 

 

 

 

10,762

 

 

 

6,903

 

 

 

3,859

 

Level 2(2):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

9,641

 

 

 

 

 

 

 

 

 

9,641

 

 

 

 

 

 

9,641

 

Corporate debt obligations

 

 

3,740

 

 

 

6

 

 

 

 

 

 

3,746

 

 

 

 

 

 

3,746

 

Repurchase agreements

 

 

3,000

 

 

 

 

 

 

 

 

 

3,000

 

 

 

3,000

 

 

 

 

Asset-backed securities

 

 

3,752

 

 

 

3

 

 

 

 

 

 

3,755

 

 

 

 

 

 

3,755

 

Subtotal

 

 

20,133

 

 

 

9

 

 

 

 

 

 

20,142

 

 

 

3,000

 

 

 

17,142

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

33,859

 

 

$

13

 

 

 

 

 

$

33,872

 

 

$

12,871

 

 

$

21,001

 

 

 

 

December 31, 2018

 

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

 

Cash and Cash Equivalents

 

 

Short-Term Investments

 

Cash

 

$

3,044

 

 

$

 

 

$

 

 

$

3,044

 

 

$

3,044

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

5,482

 

 

 

 

 

 

 

 

 

5,482

 

 

 

5,482

 

 

 

 

U.S. treasury securities

 

 

1,988

 

 

 

 

 

 

 

 

 

1,988

 

 

 

 

 

 

1,988

 

Subtotal

 

 

7,470

 

 

 

 

 

 

 

 

 

7,470

 

 

 

5,482

 

 

 

1,988

 

Level 2(2):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

10,639

 

 

 

 

 

 

 

 

 

10,639

 

 

 

2,095

 

 

 

8,544

 

Corporate debt obligations

 

 

5,964

 

 

 

 

 

 

(7

)

 

 

5,957

 

 

 

 

 

 

5,957

 

Repurchase agreements

 

 

3,000

 

 

 

 

 

 

 

 

 

3,000

 

 

 

3,000

 

 

 

 

Asset-backed securities

 

 

3,682

 

 

 

 

 

 

(2

)

 

 

3,680

 

 

 

 

 

 

3,680

 

Subtotal

 

 

23,285

 

 

 

 

 

 

(9

)

 

 

23,276

 

 

 

5,095

 

 

 

18,181

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

33,799

 

 

 

 

 

$

(9

)

 

$

33,790

 

 

$

13,621

 

 

$

20,169

 

 

(1)

Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.

 

(2)

Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Schedule of Contractual Maturities of Short-term Investments

Contractual maturities of short-term investments as of September 30, 2019, are as follows (in thousands):