Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on a Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above (in thousands):

 

 

 

September 30, 2020

 

Financial Assets

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Money market funds

 

$

10,838

 

 

$

10,838

 

 

$

 

 

$

 

U.S. Treasury securities

 

 

96,784

 

 

 

96,784

 

 

 

 

 

 

 

Commercial paper

 

 

21,998

 

 

 

 

 

 

21,998

 

 

 

 

Corporate debt securities

 

 

13,936

 

 

 

 

 

 

13,936

 

 

 

 

U.S. agency bonds

 

 

4,403

 

 

 

 

 

 

4,403

 

 

 

 

Total

 

$

147,959

 

 

$

107,622

 

 

$

40,337

 

 

$

 

 

 

 

December 31, 2019

 

Financial Assets

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Money market funds

 

$

14,731

 

 

$

14,731

 

 

$

 

 

$

 

U.S. Treasury securities

 

 

5,285

 

 

 

5,285

 

 

 

 

 

 

 

Commercial paper

 

 

15,186

 

 

 

 

 

 

15,186

 

 

 

 

Corporate debt securities

 

 

17,171

 

 

 

 

 

 

17,171

 

 

 

 

U.S. agency bonds

 

 

25,613

 

 

 

 

 

 

25,613

 

 

 

 

Total

 

$

77,986

 

 

$

20,016

 

 

$

57,970

 

 

$