Annual report pursuant to Section 13 and 15(d)

INVESTMENTS

INVESTMENTS

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

4. INVESTMENTS

The following table summarizes the Company’s investments as of December 31, 2022 (in thousands):


	Amortized Cost	Gross Unrealized Gain	Gross Unrealized Losses	Fair Value

Debt Securities:
Commercial paper	$12,174	$—	$—	$12,174
Corporate debt securities	30,146	—	(126)	30,020
Total	$42,320	$—	$(126)	$42,194

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, 2022 (in thousands):


	Amortized Cost	Fair Value

Maturing in one year or less	$42,320	$42,194
Maturing after one year but less than three years	—	—
	$42,320	$42,194

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

Commercial paper	$12,794	$—	$—	$12,794
Corporate debt securities	32,922	—	(58)	32,864
Asset backed securities	10,235	—	(4)	10,231
Term deposits	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

        $44,848

        Maturing after one year but less than three years

          11,092

          11,041

        $55,951

        $55,889