Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Assets and Liabilities (Tables)

v3.21.1
Fair Value of Financial Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2021 (in thousands):

 

    Level 1     Level 2     Level 3     Total  
                         
Assets:                                
Cash Equivalents:                                
Money market funds   $ 63,229     $ -     $ -     $ 63,229  
Marketable Securities:                                
Commercial paper     -       22,366       -       22,366  
Corporate debt securities     -       28,147       -       28,147  
ABS     -       6,886       -       6,886  
    $ 63,229     $ 57,399     $ -     $ 120,628  
                                 
Liabilities:                                
Derivative liabilities   $ -     $ -     $ 803     $ 803  

 

 

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