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Short-term Investments
12 Months Ended
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]  
Short-term Investments Short-term Investments
The Company's investments are classified as available-for-sale. The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investments as of December 31, 2020:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Aggregate
Fair Value
United States government debt securities$48,048 $14 $(1)$48,061 
Certificates of deposit264 — — 264 
Total$48,312 $14 $(1)$48,325 
The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investments as of December 31, 2019:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Aggregate
Fair Value
United States government debt securities$8,989 $$— $8,996 
Certificates of deposit264 — — 264 
Total$9,253 $$— $9,260 
See Notes 2 and 8 for further discussion on the Company's method for determining the fair value of its assets.
As of December 31, 2020, all of the available-for-sale investments were due within one year based on their contractual maturities.
Changes in market interest rates and bond yields cause certain investments to fall below their cost basis, resulting in unrealized losses on investments. The unrealized losses of the Company's investments were primarily a result of unfavorable changes in interest rates subsequent to the initial purchase of these investments and are not significant as of December 31, 2020.