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Fair Value Measurement of Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments Measured at Fair Value on a Recurring Basis
The following table summarizes the Company’s financial instruments measured at fair value on a recurring basis in accordance with the authoritative guidance for fair value measurements as of March 31, 2020 (in thousands):
 
Balance as of
March 31, 2020
 
Level 1
Assets:
 
 
 
Cash equivalents
 
 
 
Money market funds
$
126

 
$
126

Total cash equivalents
$
126

 
$
126


The following table summarizes the Company’s financial instruments measured at fair value on a recurring basis in accordance with the authoritative guidance for fair value measurements as of December 31, 2019 (in thousands):
 
Balance as of
December 31, 2019
 
Level 1
Assets:
 
 
 
Cash equivalents
 
 
 
Money market funds
$
126

 
$
126

Total cash equivalents
$
126

 
$
126