Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 87

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 87
---
 value. Level inputs, as defined by ASC 820, are as follows:  

        Level input
          
        Input definition

         Level 1
         
         Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date.

         Level 2
         
         Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability through corroboration with market data at the measurement date.

         Level 3
         
         Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date.
       
       The Company’s financial instruments consist of cash and cash equivalents, marketable securities, financing receivable, accounts receivable, accounts payable and accrued expenses. The carrying values of its financial instruments approximate fair value based on their short-term nature. Fair value of financial instrumentsThe Company obtained the fair value of its available-for-sale investments, which are not in active markets, from a third-party professional pricing service using quoted market prices for identical or comparable instruments, rather than direct observations of quoted prices in active markets. The Company's professional pricing service gathers observable inputs for all of its fixed income securities from a variety of industry data providers (e.g., large custodial institutions) and other third-party sources. Once the observable inputs are gathered, all data points are considered, and the fair value is determined. The Company validates the quoted market prices provided by its primary pricing service by comparing their assessment of the fair values against the fair values provided by its investment managers. The Company's investment managers use similar techniques to its professional pricing service to derive pricing as described above. As all significant inputs were observable, derived from observable information in the marketplace or supported by observable levels at which transactions are executed in the marketplace, the Company has classified its marketable securities within Level 2 of the fair value hierarchy.

 F-12

The following table summarizes fair value measurements by level for the assets measured at fair value on a recurring basis for cash, cash equivalents and marketable securities: 

          As of December 31, 2024

          Gross

          Cash

          Adjusted

          unrealized

          and cash

          Restricted

          cost

          gains

          Fair value

          equivalents

          cash

          Cash
           
          $
          23,053

          $
          —

          $
          23,053

          $
          23,053