Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

As summarized in the table below, the standard had a material impact on the Company’s consolidated balance sheet as of December 31, 2019, specifically through recognition of right-of-use assets and lease liabilities for operating leases of $8.3 million on the effective date. However, the standard did not have a material impact on the Company’s consolidated statement of operations and comprehensive loss, as expense for the Company’s existing operating leases continues to be recognized consistent with the recognition pattern before adoption.

Consolidated Balance Sheet Data (in thousands)	January 1, 2019 Prior to ASC 842 Adoption		ASC 842 Adjustment		January 1, 2019 As Adjusted
Right of use assets - operating leases (1)	$	—	$	8,289	$	8,289
Operating lease liability, current (2)	$	—	$	2,245	$	2,245
Operating lease liability, long term (2)	$	—	$	6,044	$	6,044

(1)                           Represents capitalization of operating lease right of use assets.

(2)                           Represents recognition of operating lease liabilities.