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, 2012

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


(in thousands)	Level 1		Level 2		Level 3		2012
Assets
Cash	$	3,690	$	—	$	—	$	3,690
Money market securities	$	10,466	$	—	$	—	$	10,466
Government securities	$	—	$	—	$	—	$	—
Corporate bonds and commercial paper	$	—	$	83,806	$	—	$	83,806

	$	14,156	$	83,806	$	—	$	97,962
Liabilities
Warrants	$	—	$	—	$	7,667	$	7,667

Summary of securities available-for-sale at cost or amortized cost and fair market value


	Cost or Amortized Cost		Fair Market Value
	(In thousands)
June 30, 2012
Due in one year or less	$	94,295	$	94,272
Due after one year through three years		—		—

	$	94,295	$	94,272
June 30, 2011
Due in one year or less	$	74,122	$	74,090
Due after one year through three years		—		—

	$	74,122	$	74,090

Summary of marketable securities


	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Estimated Fair Value
(in thousands)

2012

Cash	$	3,690	$	—	$	—		$	3,690
Money market securities	$	10,152	$	—	$	—		$	10,152

Cash and cash equivalents	$	13,842	$	—	$	—		$	13,842

Money market securities	$	314	$	—	$	—		$	314

Restricted cash	$	314	$	—	$	—		$	314

Corporate bonds and commercial paper	$	83,829	$	3	$	(26	)	$	83,806

Short-term investments	$	83,829	$	3	$	(26	)	$	83,806

Summary of changes in fair value of Level 3 financial liabilities


(In thousands)	Liability at December 31, 2011		Gain (loss) on warrants		Remaining Liability at June 30, 2012
Warrant liability	$	7,881	$	214	$	7,667

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

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-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

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-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Number FAS115-1/124-1

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

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-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

+ Details

- 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.

+ References + Details

- Definition

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

+ References + Details