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)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019:

			Gross					Cash and
			Unrealized			Fair		Cash		Marketable
	Cost		Losses			Value		Equivalents		Securities
Cash	$	19,224	$	—		$	19,224	$	19,224	$	—
Level 1:
Money market funds		20,622		(2	)		20,620		20,620		—
Level 2:
Corporate debt securities		11,091		(12	)		11,079		—		11,079
Total	$	50,937	$	(14	)	$	50,923	$	39,844	$	11,079

As of December 31, 2018, the Company’s cash and cash equivalents and marketable securities balances were as follows:

			Gross					Cash and
			Unrealized			Fair		Cash		Marketable
	Cost		Losses			Value		Equivalents		Securities
Cash	$	13,337	$	—		$	13,337	$	13,337	$	—
Level 1:
Money market funds		24,202		—			24,202		24,202		—
Level 2:
U.S. government securities		2,500		(2	)		2,498		—		2,498
Corporate debt securities		11,113		(46	)		11,067		—		11,067
Subtotal		13,613		(48	)		13,565		—		13,565
Total	$	51,152	$	(48	)	$	51,104	$	37,539	$	13,565

Schedule of Marketable Securities That Have Been in Continuous Unrealized Loss Position for Less than 12 months and for 12 months or Greater

The following tables show information about the Company’s marketable securities that have been in a continuous unrealized loss position for less than 12 months and for 12 months or greater as of March 31, 2019 and December 31, 2018:

	March 31, 2019
	Continuous Unrealized Losses
	Less than			12 Months
	12 Months			or Greater			Total
Fair value of marketable securities	$	9,968		$	7,089		$	17,057
Unrealized losses	$	(4	)	$	(10	)	$	(14	)

	December 31, 2018
	Continuous Unrealized Losses
	Less than			12 Months
	12 Months			or Greater		Total
Fair value of marketable securities	$	13,565		$	—	$	13,565
Unrealized losses	$	(48	)	$	—	$	(48	)

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 at March 31, 2019 :

Balance, December 31, 2018	$	23
Change in fair value		13
Balance, March 31, 2019	$	36

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:

	March 31, 2019			December 31, 2018
Volatility		70	%		70	%
Risk-free rate		2.23	%		2.51	%
Term	4 years			4.25 years