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)

3 Months Ended

Mar. 31, 2013

Summary of assets and liabilities measured at fair value on recurring basis


March 31, 2013	Level 1		Level 2		Level 3		Total
Assets
Cash	$	2,612	$	—	$	—	$	2,612
Money market securities		16,330		—		—		16,330
Government securities		—		—		—		—
Corporate bonds and commercial paper		—		45,961		—		45,961

Total assets	$	18,942	$	45,961	$	—	$	64,903
Liabilities
Warrants	$	—	$	—	$	1,988	$	1,988

Summary of changes in fair value of Level 3 financial liabilities


	Liability at December 31, 2012		Gain (loss) on warrants		Liability at March 31, 2013
Warrant liability	$	3,422	$	1,434	$	1,988

Summary of marketable securities


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
March 31, 2013

Cash	$	2,612	$	—	$	—		$	2,612
Money market securities		16,016		—		—			16,016

Total cash and cash equivalents	$	18,628	$	—	$	—		$	18,628

Money market securities		314		—		—			314

Total restricted cash	$	314	$	—	$	—		$	314

Corporate bonds and commercial paper		45,971		1		(11	)		45,961

Total short-term investments	$	45,971	$	1	$	(11	)	$	45,961

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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