Kaleyra, 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, 2022

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

The following tables provide the assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 (in thousands):

	Fair Value Hierarchy as of June 30, 2022						Aggregate
	Level 1		Level 2		Level 3		Fair Value
Assets:
Mutual funds (1)	$	579	$	—	$	—	$	579
Certificates of deposit (2)		—		101		—		101
Interest rate swap (3)		—		8		—		8
Total Assets	$	579	$	109	$	—	$	688
Liabilities:
Warrant liability (4)	$	—	$	78	$	—	$	78
Total Liabilities	$	—	$	78	$	—	$	78

(1)

Included in the condensed consolidated balance sheet line item “Short-term investments”.

(2)

Included in the condensed consolidated balance sheet line item “Short-term investments”, with maturity terms between 4 and 12 months held in India.

(3)

Included in the condensed consolidated balance sheet line item “Other long-term assets”.

(4)

Included in the condensed consolidated balance sheet line item “Other long-term liabilities”. See Note 16 – Warrants – for further details.

	Fair Value Hierarchy as of December 31, 2021						Aggregate
	Level 1		Level 2		Level 3		Fair Value
Assets:
Mutual funds (1)	$	602	$	—	$	—	$	602
Certificates of deposit (2)		—		5,634		—		5,634
Total Assets	$	602	$	5,634	$	—	$	6,236
Liabilities
Interest rate swap (3)	$	—	$	35	$	—	$	35
Warrant liability (4)		—		889		—		889
Total Liabilities	$	—	$	924	$	—	$	924

(1)

Included in the condensed consolidated balance sheet line item “Short-term investments”.

(2)

Included in the condensed consolidated balance sheet line item “Short-term investments”, with maturity terms between 4 and 12 months held in India.

(3)

Included in the condensed consolidated balance sheet line item “Other long-term liabilities”.

(4)

Included in the condensed consolidated balance sheet line item “Other long-term liabilities”. See Note 16 – Warrants – for further details.

Summary of Values of Short-term Investments

The values of short-term investments as of June 30, 2022 and as of December 31, 2021 were as follows (in thousands):

	As of June 30, 2022								As of December 31, 2021
	Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cost		Unrealized Gains		Unrealized Losses		Fair Value
Mutual funds	$	570	$	9	$	—	$	579	$	572	$	30	$	—	$	602
Certificates of deposit		101		—		—		101		5,634		—		—		5,634