Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.21.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value of Financial Instruments  
Schedule of cash, cash equivalents and marketable securities

The following table presents fair value of the Company’s cash, cash equivalents, and marketable securities as of September 30, 2021 and December 31, 2020 (in thousands):

September 30, 2021

    

Adjusted 

Unrealized

Unrealized

Cash and Cash

Restricted

Marketable

Cost

    

Gains

    

Losses

    

Fair Value

    

Equivalents

    

Cash

    

Securities

Cash

$

7,214

$

$

$

7,214

$

5,903

$

1,311

$

Level 1 (1):

 

  

 

  

 

  

 

  

 

 

  

 

  

Money market funds

 

72,743

 

 

 

72,743

 

72,743

 

 

Subtotal

 

72,743

 

 

 

72,743

 

72,743

 

 

Total

$

79,957

$

$

$

79,957

$

78,646

$

1,311

$

December 31, 2020

Adjusted 

Unrealized

Unrealized

Cash and Cash

Restricted

Marketable

    

Cost

    

Gains

    

Losses

    

Fair Value

    

Equivalents

    

Cash

    

Securities

Cash

$

6,100

$

$

$

6,100

$

4,790

$

1,310

$

Level 1 (1):

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Money market funds

 

104,613

 

 

 

104,613

 

104,613

 

 

Subtotal

 

104,613

 

 

 

104,613

 

104,613

 

 

Total

$

110,713

$

$

$

110,713

$

109,403

$

1,310

$

(1) The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities.