Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of assets measured at fair value on a recurring basis

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	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details