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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

Fair Value Measurements as of December 31, 2019 using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

30,490

 

 

$

—

 

 

$

—

 

 

$

30,490

 

U.S. government agency bonds

 

 

—

 

 

$

2,500

 

 

 

—

 

 

$

2,500

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury notes

 

 

—

 

 

 

42,868

 

 

 

—

 

 

$

42,868

 

U.S. government agency bonds

 

 

—

 

 

 

15,538

 

 

 

—

 

 

$

15,538

 

 

 

$

30,490

 

 

$

60,906

 

 

$

—

 

 

$

91,396

 

 

 

 

Fair Value Measurements as of December 31, 2018 using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

77,737

 

 

$

—

 

 

$

—

 

 

$

77,737

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury notes

 

 

—

 

 

 

62,842

 

 

 

—

 

 

 

62,842

 

U.S. government agency bonds

 

 

—

 

 

 

2,885

 

 

 

—

 

 

 

2,885

 

Corporate bonds

 

 

—

 

 

 

10,196

 

 

 

—

 

 

 

10,196

 

 

 

$

77,737

 

 

$

75,923

 

 

$

—

 

 

$

153,660