Achieve Life Sciences, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques we utilized to determine such fair value (in thousands):

June 30, 2019	Level 1		Level 2		Level 3		Total
Assets
Cash	$	2,033	$	—	$	—	$	2,033
Money market securities (cash equivalents)		8,413		—		—		8,413
Restricted cash		50		—		—		50
Corporate bonds and commercial paper (short term investments)		—		—		—		—
Total assets	$	10,496	$	—	$	—	$	10,496

Summary of Cash, Cash Equivalents and Short-Term Investments

Cash, cash equivalents and short-term investments consist of the following (in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
June 30, 2019	Cost		Gains		Losses		Fair Value
Cash	$	2,033	$	—	$	—	$	2,033
Money market securities		8,413		—		—		8,413
Total cash and cash equivalents	$	10,446	$	—	$	—	$	10,446
Money market securities (restricted cash)		50		—		—		50
Total restricted cash	$	50	$	—	$	—	$	50
Corporate bonds and commercial paper		—		—		—		—
Total short-term investments	$	—	$	—	$	—	$	—