Annual report pursuant to Section 13 and 15(d)

INVESTMENTS

INVESTMENTS

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

4. INVESTMENTS

The following table summarizes the Company’s investments as of December 31, 2021 (in thousands):


	Amortized Cost	Gross Unrealized Gain	Gross Unrealized Losses	Fair Value

Debt Securities:
Commercial paper	$12,794	$—	$—	$12,794
Corporate debt securities	32,922	—	(58)	32,864
Asset backed securities	10,235	—	(4)	10,231
Other Investments:
Term deposits (Maturing 2/10/2022 - 5/5/2022)	16,752	—	—	16,752
Total	$72,703	$—	$(62)	$72,641

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable debt securities by contractual maturity as of December 31, 2021 (in thousands):


	Amortized Cost	Fair Value

Maturing in one year or less	$44,859	$44,847
Maturing after one year but less than three years	11,092	11,041
	$55,951	$55,888

As of December 31, 2020, there were no available-for-sale investments.