Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments

v3.22.2.2
Short-term Investments
9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Short-term Investments

3. Short-term Investments

The following table summarizes the short-term investments at September 30, 2022 (in thousands):

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair Value

 

As of September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

27,470

 

 

$

 

 

$

(164

)

 

$

27,306

 

Total short-term investments

 

$

27,470

 

 

$

 

 

$

(164

)

 

$

27,306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2022, the Company has $27.5 million of held-to-maturity investments with contractual maturities less than one year. The Company carries short-term investments at amortized cost. The fair value of the short-term investments is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets.