| Schedule of cash, cash equivalents and marketable securities |
The following table presents the Company’s cash, cash equivalents, restricted cash, and marketable securities as of December 31, 2020 and 2019 (in thousands):
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December 31, 2020 |
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Adjusted |
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Unrealized |
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Unrealized |
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Cash and Cash |
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Restricted |
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Marketable |
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Cost |
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Gains |
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Losses |
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Fair Value |
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Equivalents |
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Cash |
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Securities |
Cash |
|
$ |
6,100 |
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$ |
— |
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$ |
— |
|
$ |
6,100 |
|
$ |
4,790 |
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$ |
1,310 |
|
$ |
— |
Level 1 (1): |
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Money market funds |
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104,613 |
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— |
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— |
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104,613 |
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104,613 |
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— |
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— |
U.S. treasury securities |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
Subtotal |
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104,613 |
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— |
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— |
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104,613 |
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104,613 |
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— |
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— |
Level 2 (2): |
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U.S. government agency securities |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
Total |
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$ |
110,713 |
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$ |
— |
|
$ |
— |
|
$ |
110,713 |
|
$ |
109,403 |
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$ |
1,310 |
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$ |
— |
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December 31, 2019 |
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|
Adjusted |
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Unrealized |
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Unrealized |
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|
|
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Cash and Cash |
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Restricted |
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Marketable |
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|
Cost |
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Gains |
|
Losses |
|
Fair Value |
|
Equivalents |
|
Cash |
|
Securities |
Cash |
|
$ |
9,302 |
|
$ |
— |
|
$ |
— |
|
$ |
9,302 |
|
$ |
7,993 |
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$ |
1,309 |
|
$ |
— |
Level 1 (1): |
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Money market funds |
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|
18,306 |
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— |
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— |
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18,306 |
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18,306 |
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— |
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— |
U.S. treasury securities |
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|
5,996 |
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— |
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— |
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|
5,996 |
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|
2,496 |
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|
— |
|
|
3,500 |
Subtotal |
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24,302 |
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— |
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— |
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24,302 |
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|
20,802 |
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— |
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|
3,500 |
Level 2 (2): |
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U.S. government agency securities |
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3,510 |
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|
— |
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|
— |
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|
3,510 |
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|
3,510 |
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|
— |
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|
— |
Total |
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$ |
37,114 |
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$ |
— |
|
$ |
— |
|
$ |
37,114 |
|
$ |
32,305 |
|
$ |
1,309 |
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$ |
3,500 |
| (1) |
The fair value of Level 1 securities is estimated based on quoted prices in active markets for identical assets or liabilities. |
| (2) |
The fair value of Level 2 securities is estimated 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 on the assets or liabilities. |
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