Veritone, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Cash and Available-For-Sale Securities' Cost, Gross Unrealized Losses and Fair Value by Significant Investment Category

The following table shows the cost, gross unrealized losses and fair value, with a breakdown by significant investment category, of the Company’s cash and cash equivalents and marketable securities as of June 30, 2018:


	Cost		Gross Unrealized Losses			Fair Value		Cash and Cash Equivalents		Marketable Securities
Cash	$	11,034	$	—		$	11,034	$	11,034	$	—
Level 1:
Money market funds		41,658		—			41,658		41,658		—
Level 2:
U.S. government securities		4,501		(13	)		4,488		—		4,488
Commercial paper		997		(2	)		995		—		995
Corporate debt securities		20,164		(121	)		20,043		—		20,043

Subtotal		25,662		(136	)		25,526		—		25,526

Total	$	78,354	$	(136	)	$	78,218	$	52,692	$	25,526

As of December 31, 2017, the Company’s cash and cash equivalents and marketable securities balances were as follows:


	Cost		Gross Unrealized Losses			Fair Value		Cash and Cash Equivalents		Marketable Securities
Cash	$	8,925	$	—		$	8,925	$	8,925	$	—
Level 1:
Money market funds		20,620		—			20,620		20,620		—
Level 2:
U.S. government securities		4,505		(17	)		4,488		—		4,488
Commercial paper		4,959		(5	)		4,954		—		4,954
Corporate debt securities		30,268		(112	)		30,156		—		30,156

Subtotal		39,732		(134	)		39,598		—		39,598

Total	$	69,277	$	(134	)	$	69,143	$	29,545	$	39,598

Reconciliation of Level 3 Measurement of Company's April 2018 Warrant

The following table represents a roll-forward of the fair value of the April 2018 Warrant, which was recorded within other accrued liabilities in the accompanying condensed consolidated balance sheet during the six months ended June 30, 2018:


Balance, December 31, 2017	$	—
Issuance of warrant		207
Change in fair value		15

Balance, June 30, 2018	$	222

April 2018 Warrant [Member]

Summary of Quantitative Information with Respect to Significant Unobservable Inputs

The following table summarizes quantitative information with respect to the significant unobservable inputs that were used to value the April 2018 Warrant:


	April 6, 2018
Volatility		70	%
Risk-free rate		2.58	%
Term		5 years

10% Warrant [Member]

Summary of Quantitative Information with Respect to Significant Unobservable Inputs

The following table summarizes quantitative information with respect to the significant unobservable inputs that were used to value the Company’s 10% Warrant:


	May 17, 2017
Volatility		70	%
Risk-free rate		1.44	%
Discount for lack of marketability		0	%