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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables sets forth by level within the fair value hierarchy our assets that are measured on a recurring basis and reported at fair value as of September 30, 2020 and December 31, 2019. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
Fair Value Measurements as of
September 30, 2020
Estimated
Fair Value
Level 1Level 2Level 3
Cash equivalents:
Money market funds$170,076 $170,076 $— $— 
Total cash equivalents170,076 170,076 — — 
Investments:
Commercial paper$13,264 $— $13,264 $— 
Corporate bonds6,579 — 6,579 — 
U.S. government securities36,089 36,089 — — 
Total investments55,932 36,089 19,843 — 
Total cash equivalents and investments$226,008 $206,165 $19,843 $— 
Fair Value Measurements as of
December 31, 2019
Estimated
Fair Value
Level 1Level 2Level 3
Cash equivalents:
Money market funds$18,429 $18,429 $— $— 
Total cash equivalents18,429 18,429 — — 
Investments:
Commercial paper$14,214 $— $14,214 $— 
Corporate bonds32,485 — 32,485 — 
Asset-backed securities8,100 — 8,100 — 
U.S. government securities78,082 78,082 — — 
Total investments132,881 78,082 54,799 — 
Total cash equivalents and investments$151,310 $96,511 $54,799 $— 
Schedule of inventory
Inventories are valued at the lower of cost or net realizable value, computed on a first-in, first-out basis and consisted of the following:
September 30, 2020December 31, 2019
Raw materials$960 $781 
Finished goods8,006 5,053 
Total inventories, net of reserves$8,966 $5,834 
Schedule of property and equipment
Property and equipment are stated at cost, less accumulated depreciation and amortization and consisted of the following:
September 30, 2020December 31, 2019
Computer equipment and software$1,305 $790 
Manufacturing equipment2,141 1,050 
Other equipment209 68 
Leasehold improvements192 192 
Construction in process2,054 1,950 
Property and equipment, cost5,901 4,050 
Less: accumulated depreciation and amortization(1,592)(1,005)
Property and equipment, net$4,309 $3,045 
Schedule of accrued expenses
Accrued expenses consisted of the following:
September 30, 2020December 31, 2019
Payroll related$10,087 $10,304 
Interest155 160 
Current operating lease liability85 828 
Other accrued expenses1,128 1,105 
Total accrued expenses$11,455 $12,397