Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

v3.21.2
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of September 30, 2021 (in thousands):

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash Equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

29,524

 

 

$

—

 

 

$

—

 

 

$

29,524

 

Marketable Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Term deposits

 

 

6,737

 

 

 

—

 

 

 

—

 

 

 

6,737

 

Commercial paper

 

 

—

 

 

 

19,184

 

 

 

—

 

 

 

19,184

 

Corporate debt securities

 

 

—

 

 

 

33,070

 

 

 

—

 

 

 

33,070

 

ABS

 

 

—

 

 

 

10,753

 

 

 

—

 

 

 

10,753

 

 

 

$

36,261

 

 

$

63,007

 

 

$

—

 

 

$

99,268

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

—

 

 

$

—

 

 

$

127

 

 

$

127

 

 

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2020 (in thousands):

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash Equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money Market funds

 

$

84,195

 

 

$

—

 

 

$

—

 

 

$

84,195

 

 

 

$

84,195

 

 

$

—

 

 

$

—

 

 

$

84,195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$

—

 

 

$

—

 

 

$

797

 

 

$

797