| Fair Value Measurements |
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3.
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Fair Value Measurements
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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:
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Fair Value at October 31, 2019 Using
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Total
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Level 1
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Level 2
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(Amounts in thousands)
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Assets:
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|
|
|
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|
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|
|
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Cash equivalents
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$
|
1,118
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|
$
|
-
|
|
|
$
|
1,118
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Marketable securities:
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|
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|
|
|
|
|
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|
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U.S. Treasury Notes and bonds
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6,610
|
|
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|
6,610
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|
|
|
—
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Corporate bonds
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1,258
|
|
|
|
—
|
|
|
|
1,258
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Total
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$
|
8,986
|
|
|
$
|
6,610
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|
|
$
|
2,376
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|
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Fair Value at January 31, 2019 Using
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Total
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Level 1
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Level 2
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|
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(Amounts in thousands)
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Assets:
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|
|
|
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|
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|
|
|
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Cash equivalents
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|
$
|
2,887
|
|
|
$
|
2,724
|
|
|
$
|
163
|
|
|
Marketable securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
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U.S. Treasury Notes and bonds
|
|
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7,072
|
|
|
|
7,072
|
|
|
|
—
|
|
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U.S. Agency bonds
|
|
|
992
|
|
|
|
—
|
|
|
|
992
|
|
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Corporate bonds
|
|
|
2,295
|
|
|
|
—
|
|
|
|
2,295
|
|
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Total
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|
$
|
13,246
|
|
|
$
|
9,796
|
|
|
$
|
3,450
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Cash equivalents include money market funds and U.S. treasury bills.
Marketable securities by security type consisted of the following:
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As of October 31, 2019
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Amortized
Cost
|
|
|
Gross
Unrealized
Gains
|
|
|
Gross
Unrealized
Losses
|
|
|
Fair Value
|
|
|
|
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(Amounts in thousands)
|
|
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U.S. Treasury Notes and bonds
|
|
$
|
6,512
|
|
|
$
|
98
|
|
|
$
|
—
|
|
|
$
|
6,610
|
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Corporate bonds
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1,255
|
|
|
|
3
|
|
|
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—
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|
|
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1,258
|
|
|
|
|
$
|
7,767
|
|
|
$
|
101
|
|
|
$
|
-
|
|
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$
|
7,868
|
|
|
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As of January 31, 2019
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Amortized
Cost
|
|
|
Gross
Unrealized
Gains
|
|
|
Gross
Unrealized
Losses
|
|
|
Fair Value
|
|
|
|
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(Amounts in thousands)
|
|
|
U.S. Treasury Notes and bonds
|
|
$
|
7,055
|
|
|
$
|
17
|
|
|
$
|
—
|
|
|
$
|
7,072
|
|
|
U.S. Agency bonds
|
|
|
1,001
|
|
|
|
—
|
|
|
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(9
|
)
|
|
|
992
|
|
|
Corporate Bonds
|
|
|
2,308
|
|
|
|
—
|
|
|
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(13
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)
|
|
|
2,295
|
|
|
|
|
$
|
10,364
|
|
|
$
|
17
|
|
|
$
|
(22
|
)
|
|
$
|
10,359
|
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As of October 31, 2019, marketable securities consisted of investments that mature within one year, with the exception of investments with a fair value of $2.5 million that mature between one and three years.
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