Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments

v3.20.1
Short-term Investments
3 Months Ended
Mar. 31, 2020
Short Term Investments [Abstract]  
Short-term Investments

Note 3—Short-term Investments

A summary of debt securities by major security type is as follows as of March 31, 2020 (in thousands):

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

Debt Securities - available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

4,999

 

 

$

11

 

 

$

(7

)

 

$

5,003

 

Total debt securities

 

$

4,999

 

 

$

11

 

 

$

(7

)

 

$

5,003

 

 

All debt securities are due in less than one year.

 

 

A summary of debt securities by major security type is as follows as of December 31, 2019 (in thousands):

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

Debt Securities-available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. agency securities

 

$

1,000

 

 

$

 

 

$

 

 

$

1,000

 

U.S. government securities

 

 

14,967

 

 

 

26

 

 

 

 

 

 

14,993

 

Total debt securities

 

$

15,967

 

 

$

26

 

 

$

 

 

$

15,993

 

The following table presents the hierarchy for assets measured at fair value on a recurring basis (in thousands):

 

 

 

Total Fair

Value

 

 

Quoted

Market

Prices for

Identical

Assets

(Level 1)

 

 

Other

Observable

Inputs

(Level 2)

 

 

Unobservable

Inputs

(Level 3)

 

As of March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

16,337

 

 

$

16,337

 

 

$

 

 

$

 

U.S. government securities

 

$

5,003

 

 

$

5,003

 

 

$

 

 

$

 

As of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

13,219

 

 

$

13,219

 

 

$

 

 

$

 

U.S. government securities

 

$

14,993

 

 

$

14,993

 

 

$

 

 

$

 

U.S. agency securities

 

$

1,000

 

 

$

 

 

$

1,000

 

 

$