Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

	June 30, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	53,139	$	—	$	—	$	53,139
U.S. treasury securities		19,995		-		-		19,995
Totals	$	73,134	$	—	$	—	$	73,134
Short-term investments:
U.S. treasury securities and government treasury securities	$	26,184	$	—	$	—	$	26,184
Totals	$	26,184	$	—	$	—	$	26,184

	December 31, 2019
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	46,407	$	—	$	—	$	46,407
Demand deposit		10,027		—		—		10,027
Totals	$	56,434	$	—	$	—	$	56,434
Short-term investments:
U.S. Government Treasury Bills and Bonds	$	64,993	$	—	$	—	$	64,993
Totals	$	64,993	$	—	$	—	$	64,993