XML 23 R10.htm IDEA: XBRL DOCUMENT

Cash, Cash Equivalents and Marketable Securities

9 Months Ended

Sep. 30, 2023

4. Cash, Cash Equivalents and Marketable Securities

The following table provides details regarding the Company’s portfolio of cash and cash equivalents:


	Cost or
(in thousands)	Amortized cost		Unrealized gains		Unrealized losses		Fair value
September 30, 2023:
Cash accounts in banking institutions	$	5,234	$	-	$	-	$	5,234
Money market funds		27,347		-		-		27,347
Commercial paper		998		-		-		998
Total	$	33,579	$	-	$	-	$	33,579

December 31, 2022:
Cash accounts in banking institutions	$	7,532	$	-	$	-	$	7,532
Money market funds		24,578		-		-		24,578
Commercial paper		2,491		-		-		2,491
Total	$	34,601	$	-	$	-	$	34,601

The following table provides details regarding the Company’s portfolio of marketable securities:


(in thousands)	Amortized cost		Unrealized gains		Unrealized losses		Fair value
September 30, 2023:
Certificates of deposit	$	8,914	$	2	$	(4)	$	8,912
Commercial paper		44,836		-		(18)		44,818
Corporate debt securities		20,064		1		(31)		20,034
U.S. government securities		17,589		-		(126)		17,463
U.S. government agency securities		7,990		-		(16)		7,974
Total	$	99,393	$	3	$	(195)	$	99,201

December 31, 2022:
Certificates of deposit	$	28,197	$	6	$	(92)	$	28,111
Commercial paper		58,572		12		(72)		58,512
Corporate debt securities		67,206		1		(786)		66,421
U.S. government securities		2,000		-		(35)		1,965
Total	$	155,975	$	19	$	(985)	$	155,009

The contractual maturities of the Company’s marketable securities as of September 30, 2023, are as follows:


(in thousands)	Amortized Cost		Fair Value
Due within one year	$	92,072	$	91,982
Due after one year through five years		7,321		7,219
Total	$	99,393	$	99,201