Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Liabilities measured at fair value by level

The following table summarizes the Company’s liabilities measured at fair value as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy (in thousands):

	Level 1		Level 2		Level 3
June 30, 2020
Promissory note	$	—	$	—	$	15,580
December 31, 2019
Promissory note	$	—	$	—	$	16,169

Changes in fair value of promissory notes

The following table includes the changes in fair value of the promissory note which are Level 3 on the fair value hierarchy (in thousands):

	2020
Fair value at January 1,	$	16,169
Interest expense accrued	74
Decrease in fair value	(663)
Fair value at June 30,	$	15,580
	2019
Fair value at January 1,	$	15,852
Interest expense accrued	150
Increase in fair value	167
Fair value at December 31,	$	16,169