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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the unaudited condensed consolidated balance sheet that sum to the total of the amounts reported in the unaudited condensed consolidated statement of cash flows (in thousands):

 

 

 

March 31, 2020

 

 

March 31, 2019

 

Cash and cash equivalents

 

$

115,374

 

 

$

62,741

 

Prepaid expenses and other current assets

 

 

395

 

 

 

263

 

Other assets

 

 

2,039

 

 

 

2,192

 

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows

 

$

117,808

 

 

$

65,196

 

 

Summary of Property and Equipment and Related Accumulated Depreciation

The following is the summary of property and equipment and related accumulated depreciation as of March 31, 2020 and December 31, 2019.

 

 

 

Useful Life

 

March 31, 2020

 

 

December 31, 2019

 

 

 

 

 

(in thousands)

 

Computer equipment and software

 

3

 

$

1,010

 

 

$

1,010

 

Furniture and fixtures

 

5 - 7

 

 

2,086

 

 

 

2,086

 

Equipment

 

7

 

 

2,451

 

 

 

2,451

 

Leasehold improvements

 

Shorter of the useful life or remaining lease term (10 years)

 

 

8,497

 

 

 

8,497

 

 

 

 

 

 

14,044

 

 

 

14,044

 

Less accumulated depreciation

 

 

 

 

(4,189

)

 

 

(3,664

)

Net property and equipment

 

 

 

$

9,855

 

 

$

10,380