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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of cash equivalents measured at fair value on recurring basis

The following tables present the Company’s fair value hierarchy for its cash equivalents, which are measured at fair value on a recurring basis (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2019 Using:

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

 —

 

$

197,879

 

$

 —

 

$

197,879

 

 

$

 —

 

$

197,879

 

$

 —

 

$

197,879

 

Schedule of property and equipment

 

 

 

 

    

Estimated Useful Life

Furniture and fixtures

 

5 years

Machinery and equipment

 

5 years

Leasehold improvements

 

Shorter of life of lease or 15 years