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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value

The following table represents the Company’s financial assets measured at fair value on a recurring basis and indicate the level of fair value hierarchy utilized to determine such fair values (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date

Using

 

Description

 

June 30,

2020

 

 

Quoted

Prices in

Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash

   equivalents)

 

$

30,305

 

 

$

30,305

 

 

$

—

 

 

$

—

 

Commercial paper (included in cash and cash

   equivalents)

 

 

4,498

 

 

 

—

 

 

 

4,498

 

 

 

—

 

Corporate debt securities (included in cash and cash

   equivalents)

 

 

4,800

 

 

 

—

 

 

 

4,800

 

 

 

—

 

Commercial paper

 

 

9,110

 

 

 

 

 

 

 

9,110

 

 

 

 

 

Corporate debt securities

 

 

2,888

 

 

 

 

 

 

 

2,888

 

 

 

 

 

U.S. Treasury securities

 

 

1,006

 

 

 

1,006

 

 

 

 

 

 

 

 

 

Total assets

 

$

52,607

 

 

$

31,311

 

 

$

21,296

 

 

$

—

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date

Using

 

Description

 

December

31, 2019

 

 

Quoted

Prices in

Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash

   equivalents)

 

$

11,709

 

 

$

11,709

 

 

$

—

 

 

$

—

 

Commercial paper (included in cash and cash

   equivalents)

 

 

1,992

 

 

 

—

 

 

 

1,992

 

 

 

—

 

Corporate debt securities (included in cash and cash

   equivalents)

 

 

2,189

 

 

 

—

 

 

 

2,189

 

 

 

—

 

Commercial paper

 

 

10,906

 

 

 

—

 

 

 

10,906

 

 

 

—

 

Corporate debt securities

 

 

3,371

 

 

 

—

 

 

 

3,371

 

 

 

—

 

U.S. Treasury securities

 

 

1,250

 

 

 

1,250

 

 

 

—

 

 

 

—

 

Total assets

 

$

31,417

 

 

$

12,959

 

 

$

18,458

 

 

$

—