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v3.23.2

Investments | 6 Months Ended
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Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Investments | 3. Investments The following table summarizes the investments at June 30, 2023 (in thousands):
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
As of June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Maturities < 1 Year |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities |  | $ | 25,336 |  |  | $ | 3 |  |  | $ | (4 | ) |  | $ | 25,335 |
Corporate bonds |  |  | 2,301 |  |  |  | — |  |  |  | (4 | ) |  |  | 2,297 |
Total short-term investments |  | $ | 27,637 |  |  | $ | 3 |  |  | $ | (8 | ) |  | $ | 27,632 |
Maturities > 1 Year |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 6,336 |  |  | $ | — |  |  | $ | (15 | ) |  | $ | 6,321 |
Total investments |  | $ | 6,336 |  |  | $ | — |  |  | $ | (15 | ) |  | $ | 6,321 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Maturities < 1 Year |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities |  | $ | 27,689 |  |  | $ | — |  |  | $ | (160 | ) |  | $ | 27,529 |
Total short-term investments |  | $ | 27,689 |  |  | $ | — |  |  | $ | (160 | ) |  | $ | 27,529 |
The Company carries investments at amortized cost. The fair value of the U.S. government securities investments is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The fair value of the corporate bonds is determined based on "Level 2" inputs, which consist of quoted prices for similar assets in active markets. The Company has evaluated the unrealized loss position in the U.S. government securities and corporate bonds as of the balance sheet date and did not consider it to be indicative of an other-than-temporary impairment as the securities are highly-rated and the Company expects to realize the full principal amount at maturity

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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