Company: ERAS
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042682
Chunk: 116

Company: Erasca, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 16
Chunk 116
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 The standard is effective for the Company in its annual period beginning after December 15, 2025 and early adoption is permitted. The standard allows for adoption on a prospective basis, with a retrospective option. The Company is currently evaluating the impact of the standard on the presentation of its consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which is intended to improve the disclosures of expenses by providing more detailed information about the types of expenses in commonly presented expense captions. The standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The standard can be applied either prospectively or retrospectively. The Company is currently evaluating the impact of the standard on the presentation of its consolidated financial statements and related disclosures.

 F-14

Note 3. Fair value measurements The following tables summarize the Company’s financial assets measured at fair value on a recurring basis and their respective input levels based on the fair value hierarchy (in thousands): 

        Fair value measurements as of December 31, 2024 using

        Quoted prices in

        Significant

        Significant

        active markets

        other

        unobservable

        December 31,

        for identical

        observable

        inputs

        2024

        assets (level 1)

        inputs (level 2)

        (level 3)

        Assets:

        Money market funds(1)
         
        $
        63,101

        $
        63,101

        $
        —

        $
        —

        US treasury securities(2)

        42,849

        42,849

        —

        —

        US government agency securities(2)

        22,420

        —

        22,420

        —

        Corporate debt securities(2)

        30,701

        —

        30,701

        —

        Commercial paper(2)

        129,561

        —

        129,561

        —

        Yankee debt securities(2)

        5,039

        —

        5,039

        —

        US treasury securities(3)

        71,784

        71,784

        —

        —

        US government