Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value of Financial Assets and Liabilities

Schedule of summary of the assets and liabilities measured at fair value on a recurring basis

The following tables summarize the assets and liabilities measured at fair value on a recurring basis at March 31, 2020 and December 31, 2019 (in thousands):

	Fair Value Measurements at March 31, 2020
	Total		Level 1		Level 2		Level 3
Assets:
Money market funds, included in cash and cash equivalents	$	79,259	$	79,259	$	—	$	—
U.S. Treasury obligations, included in cash and cash equivalents		12,994		12,994		—		—
Marketable securities:
U.S. Treasury obligations		65,214		65,214		—		—
Total assets	$	157,467	$	157,467	$	—	$	—

	Fair Value Measurements at December 31, 2019
	Total		Level 1		Level 2		Level 3
Assets:
Money market funds, included in cash and cash equivalents	$	34,896	$	34,896	$	—	$	—
Marketable securities:
U.S. Treasury obligations		121,140		121,140		—		—
Total assets	$	156,036	$	156,036	$	—	$	—