Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine these fair values as of September 30, 2020 and December 31, 2019 (in thousands):

DESCRIPTION	SEPTEMBER 30, 2020		QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1)		SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 3)
Asset
Cash and cash equivalents (money market funds)	$	63,434	$	63,434	$	—	$	—
Short-term investments		135,979		135,979		—		—
Total financial assets	$	199,413	$	199,413	$	—	$	—
Liability
Warrants	$	5,465	$	—	$	—	$	5,465
Total financial liabilities	$	5,465	$	—	$	—	$	5,465

DESCRIPTION	DECEMBER 31, 2019		QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1)		SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 3)
Asset
Cash and cash equivalents (money market funds)	$	90,549	$	90,549	$	—	$	—
Total financial assets	$	90,549	$	90,549	$	—	$	—