Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The following tables present the fair value of the Comp

ny’s financial assets and liabilities measured at fair value on a recurring basis using the above input categories (in thousands):


	As of June 30, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	29,429	$	—	$	—	$	29,429

Total cash equivalents		29,429		—		—		29,429
Marketable securities:
U.S. treasury securities		—		8,000		—		8,000
U.S. and foreign commercial paper		—		31,972		—		31,972
U.S. and foreign corporate debt securities		—		17,119		—		17,119
Asset-backed securities		—		13,146		—		13,146
Supranational debt securities		—		3,000		—		3,000

Total marketable securities		—		73,237		—		73,237

Total assets measured at fair value	$	29,429	$	73,237	$	—	$	102,666


	As of December 31, 2020
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	22,415	$	—	$	—	$	22,415
U.S. commercial paper		—		—		—		—

Total cash equivalents		22,415		—		—		22,415
Marketable securities:
U.S. treasury securities		—		15,499		—		15,499
U.S. and foreign commercial paper		—		38,561		—		38,561
U.S. and foreign corporate debt securities		—		29,189		—		29,189
U.S. agency securities		—		23,994		—		23,994
Asset-backed securities		—		7,885		—		7,885
Supranational debt securities		—		3,002		—		3,002

Total marketable securities		—		118,130		—		118,130

Total assets measured at fair value	$	22,415	$	118,130	$	—	$	140,545

Computation of Basic and Diluted Net Loss per Share


	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
Numerator:
Net loss	$	(23,222	)	$	(10,726	)	$	(40,773	)	$	(23,814	)

Denominator:
Weighted average number of common stock shares outstanding		68,985,461			68,885,108			68,965,885			68,883,783

Net loss per share	$	(0.34	)	$	(0.16	)	$	(0.59	)	$	(0.35	)

Anti-Dilutive Securities Excluded from the Computation of Diluted Net Loss per Share

The following table shows the total outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020

Common stock options		10,869		7,654		10,869		7,654
Incentive awards		101		101		101		101

Total		10,970		7,755		10,970		7,755