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Marketable Securities
6 Months Ended
Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

3. Marketable Securities

As of June 30, 2020, the Company did not have any marketable securities.

As of December 31, 2019, the fair value of marketable securities by type of security was as follows (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

Description

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. government agency treasuries and securities

 

$

57,650

 

 

$

49

 

 

$

 

 

$

57,699

 

Total

 

$

57,650

 

 

$

49

 

 

$

 

 

$

57,699

 

 

The estimated fair value and amortized cost of the Company’s available-for-sale securities by contractual maturity are summarized as follows (in thousands):

 

 

 

December 31, 2019

 

 

 

Amortized

 

 

Fair

 

 

 

Cost

 

 

Value

 

Due in one year or less

 

$

57,650

 

 

$

57,699

 

Total

 

$

57,650

 

 

$

57,699