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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values of Financial Instruments Outstanding

The estimated fair values of financial instruments outstanding were (in thousands):

 

 

 

December 31, 2019

 

 

 

 

 

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Cash and cash equivalents

 

$

6,053

 

 

$

 

 

$

 

 

$

6,053

 

Short-term investments

 

 

300

 

 

 

 

 

 

 

 

 

300

 

 

 

$

6,353

 

 

$

 

 

$

 

 

$

6,353

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Cash and cash equivalents

 

$

7,104

 

 

$

 

 

$

 

 

$

7,104

 

 

Schedule of Fair Value Hierarchy for Financial Assets (Cash Equivalents and Investments)

The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and investments) as of December 31, 2019 and 2018 (in thousands):

 

 

 

December 31, 2019

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Money market funds

 

$

4,574

 

 

$

4,574

 

 

$

 

 

$

 

Corporate notes and commercial paper

 

$

300

 

 

$

 

 

$

300

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Money market funds

 

$

632

 

 

$

632

 

 

$

 

 

$