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Cash Equivalents and Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]  
Schedule of Estimated Fair Value of Cash Equivalents and Marketable Securities

The following tables summarize the estimated fair value of the Company’s cash equivalents and marketable securities and the gross unrealized gains and losses (in thousands):

 

 

 

December 31, 2019

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,023

 

 

$

 

 

$

 

 

$

7,023

 

Reverse repurchase agreements

 

 

6,250

 

 

 

 

 

 

 

 

 

6,250

 

Commercial paper

 

 

2,247

 

 

 

 

 

 

 

 

 

2,247

 

Total cash equivalents

 

 

15,520

 

 

 

 

 

 

 

 

 

15,520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

12,931

 

 

 

15

 

 

 

 

 

 

12,946

 

Corporate bonds

 

 

39,714

 

 

 

45

 

 

 

(9

)

 

 

39,750

 

Total marketable securities

 

$

52,645

 

 

$

60

 

 

$

(9

)

 

$

52,696

 

 

 

 

December 31, 2018

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,180

 

 

$

 

 

$

 

 

$

7,180

 

Reverse repurchase agreements

 

 

6,250

 

 

 

 

 

 

 

 

 

6,250

 

Commercial paper

 

 

5,977

 

 

 

 

 

 

(1

)

 

 

5,976

 

Total cash equivalents

 

 

19,407

 

 

 

 

 

 

(1

)

 

 

19,406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

47,964

 

 

 

 

 

 

(24

)

 

 

47,940

 

U.S. government securities

 

 

4,114

 

 

 

 

 

 

(2

)

 

 

4,112

 

Total marketable securities

 

$

52,078

 

 

$

 

 

$

(26

)

 

$

52,052

 

Summary of Contractual Maturities of Marketable Securities at Estimated Fair Value

The following table summarizes the contractual maturities of the Company's marketable securities at estimated fair value (in thousands):

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Due in one year or less

 

$

49,687

 

 

$

52,052

 

Due in 1 - 2 years

 

 

3,009

 

 

 

 

Total marketable securities

 

$

52,696

 

 

$

52,052