Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.19.3
Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Summary of Fair Value Assets and Liabilities

The following tables sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities at fair value:

 

 

 

September 30, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds *

 

$

14,050

 

 

$

 

 

$

 

 

$

14,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade-in Guarantee**

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

December 31, 2018

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds *

 

$

11,006

 

 

$

 

 

$

 

 

$

11,006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade-in Guarantee**

 

$

 

 

$

 

 

$

268

 

 

$

268

 

 

*

Included in cash and cash equivalents on the condensed consolidated balance sheets.

**

Included in deferred revenue on the condensed consolidated balance sheets.

Summary of Changes in Fair Value of Company's Level 3 Financial Liabilities

The table below sets forth a summary of changes in the fair value of the Company’s level 3 liabilities for the nine months ended September 30, 2019 and 2018:

 

 

 

Warrant

 

 

Trade-In

 

 

 

Liability

 

 

Guarantee

 

Balance at January 1, 2019

 

$

 

 

$

268

 

Recognition of revenue

 

 

 

 

 

(268

)

Balance at September 30, 2019

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2018

 

$

3,785

 

 

$

805

 

Exercise of warrants

 

 

(2,951

)

 

 

 

Recognition of revenue

 

 

 

 

 

(268

)

Change in fair value

 

 

644

 

 

 

 

Balance at September 30, 2018

 

$

1,478

 

 

$

537