Other Assets

3 Months Ended

Mar. 31, 2024

Other assets consist of the following of March 31, 2024 and December 31, 2023:


	March 31, 2024		December 31, 2023
Security deposits	$	280	$	273
Loan fees	165		198
Certificates of deposit	459		459
Coronavirus aid, relief, and economic security act retention credit	1,002		—
Strategic investment	7,000		6,000
Other long-term assets	3,673		1,477
Total	$	12,579	$	8,407

During the three months ended March 31, 2024, the Company made an incremental strategic investment in equity securities of a privately held company, which the Company previously invested in during three months ended March 31, 2023. As the investment does not have a readily determinable fair value, the Company elected the measurement alternative to record the investment at initial cost less impairments, if any, adjusted for observable changes in fair value for identical or similar investments of the same issuer. Adjustments resulting from these fluctuations are recorded within other income (expense) on the Company’s condensed consolidated statements of operations.

During the three months ended March 31, 2024 and 2023, there were no fair value adjustments recorded by the Company in relation to its strategic investment.