Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements

v3.20.1
Fair Value Measurements
 3 Months Ended
Apr. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements

3.

Fair Value Measurements

The following tables set forth our financial assets that were accounted for at fair value on a recurring basis. There were no fair value measurements of our financial assets using level 3 inputs for the periods presented:

 

 

 

 

 

 

 

Fair Value at April 30, 2020 Using

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

 

(Amounts in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

134

 

 

$

—

 

 

$

134

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury Notes and bonds

 

 

3,173

 

 

 

3,173

 

 

 

—

 

Corporate bonds

 

 

257

 

 

 

—

 

 

 

257

 

Total

 

$

3,564

 

 

$

3,173

 

 

$

391

 

 

 

 

 

 

 

 

Fair Value at January 31, 2020 Using

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

 

(Amounts in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

1,408

 

 

$

1,408

 

 

$

—

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury Notes and bonds

 

 

3,360

 

 

 

3,360

 

 

 

—

 

Corporate bonds

 

 

1,257

 

 

 

—

 

 

 

1,257

 

Total

 

$

6,025

 

 

$

4,768

 

 

$

1,257

 

 

Cash equivalents include money market funds and U.S. treasury bills.

  

Marketable securities by security type consisted of the following:

 

 

 

As of April 30, 2020

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

 

(Amounts in thousands)

 

U.S. Treasury Notes and bonds

 

$

3,114

 

 

$

59

 

 

$

—

 

 

$

3,173

 

Corporate bonds

 

 

253

 

 

 

4

 

 

 

—

 

 

 

257

 

 

 

$

3,367

 

 

$

63

 

 

$

—

 

 

$

3,430

 

 

 

 

As of January 31, 2020

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

 

 

(Amounts in thousands)

 

U.S. Treasury Notes and bonds

 

$

3,310

 

 

$

50

 

 

$

—

 

 

$

3,360

 

Corporate Bonds

 

 

1,254

 

 

 

3

 

 

 

—

 

 

 

1,257

 

 

 

$

4,564

 

 

$

53

 

 

$

—

 

 

$

4,617

 

 

As of April 30, 2020, marketable securities consisted of investments that mature within one year, with the exception of investments with a fair value of $257 thousand that mature between one and two years.