Fair value measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair value measurements

Schedule of assets and liabilities measured at fair value on recurring basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis in the condensed balance sheet as of September 30, 2020 (in thousands):

			Quoted Prices		Significant Other		Unobservable
			In Active Markets		Observable		Inputs
	September 30, 2020		(Level 1)		Inputs (Level 2)		(Level 3)
Liabilities:
Warrant liability	$	7,071	$	—	$	—	$	7,071
Total liabilities measured and recorded at fair value	$	7,071	$	—	$	—	$	7,071

Schedule of Reconciliation of change in Fair value of warrant liability

A reconciliation of the change in the fair value of the warrant liability for the nine months ended September 30, 2020 is as follows (in thousands):

	Fair Value
	Measurements
	Using Significant
	Unobservable
	Inputs
	(Level 3)
Balance, December 31, 2019	$	—
Issuance of warrants on June 2, 2020		1,522
Change in fair value of warrant liability		5,549
Warrant liability, September 30, 2020	$	7,071