Carbon Black, Inc. - 10-Q filing on 2018-06-07

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Table Text Blocks

Schedule of financial assets and liabilities measured at fair value on a recurring basis


		Fair Value Measurements as of
		March 31, 2018 Using:
		Level 1			Level 2			Level 3			Total
Assets:
Cash equivalents		$	21,941		$	—		$	—		$	21,941
		$	21,941		$	—		$	—		$	21,941
Liabilities:
Series D preferred stock warrant liability		$	—		$	—		$	1,320		$	1,320
Common stock warrant liability			—			—			4,327			4,327
		$	—		$	—		$	5,647		$	5,647


		Fair Value Measurements as of
		December 31, 2017 Using:
		Level 1			Level 2			Level 3			Total
Assets:
Cash equivalents		$	21,597		$	—		$	—		$	21,597
		$	21,597		$	—		$	—		$	21,597
Liabilities:
Series D preferred stock warrant liability		$	—		$	—		$	992		$	992
Common stock warrant liability			—			—			1,774			1,774
		$	—		$	—		$	2,766		$	2,766

Schedule of changes in fair values of preferred stock warrant liabilities and common stock warrant liability


		Series D
		Preferred Stock			Common Stock
		Warrant Liability			Warrant Liability
Fair value at December 31, 2017		$	992		$	1,774
Change in fair value			328			2,553
Fair value at March 31, 2018		$	1,320		$	4,327

Summary of valuation assumptions used in determining fair value of common and preferred stock warrants


		March 31, 2018
		Series D
		Preferred Stock		Common Stock
		Warrants		Warrants
Risk-free interest rate		2.57	%	0.19	%
Expected term (in years)		5.39		0.09
Expected volatility		40.00	%	28.30	%
Expected dividend yield		0.0	%	0.0	%


		December 31, 2017
		Series D
		Preferred Stock		Common Stock
		Warrants		Warrants
Risk-free interest rate		2.23	%	1.03	%
Expected term (in years)		5.64		0.58
Expected volatility		40.00	%	29.24	%
Expected dividend yield		0.0	%	0.0	%