Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements

v3.19.3.a.u2
Fair Value Measurements
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements

5. Fair Value Measurements

Assets measured at fair value on a recurring basis as of December 31, 2019 and December 31, 2018 were as follows (in thousands):

 

 

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

 

 

 

 

 

Markets

 

 

Inputs

 

 

Inputs

 

Description

 

December 31, 2019

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and money market funds

 

$

29,441

 

 

$

29,441

 

 

$

 

 

$

 

Overnight repurchase agreements

 

 

12,000

 

 

 

 

 

 

12,000

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury obligations

 

 

49,975

 

 

 

49,975

 

 

 

 

 

 

 

 

 

$

91,416

 

 

$

79,416

 

 

$

12,000

 

 

$

 

 

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

 

 

 

 

 

Markets

 

 

Inputs

 

 

Inputs

 

Description

 

December 31, 2018

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and money market funds

 

$

34,886

 

 

$

34,886

 

 

$

 

 

$

 

Overnight repurchase agreements

 

 

15,000

 

 

 

 

 

 

15,000

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury obligations

 

 

49,793

 

 

 

49,793

 

 

 

 

 

 

 

 

 

$

99,679

 

 

$

84,679

 

 

$

15,000

 

 

$