The following tables summarize the available-for-sale securities held at June 30, 2022 and December 31, 2021 (in thousands):


June 30, 2022	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair Value
Commercial paper	$	56,852	$	—	$	(238	)	$	56,614
Corporate debt securities		—		—		—			—
U.S. government agency securities and treasuries		19,471		—		(195	)		19,276
Total	$	76,323	$	—	$	(433	)	$	75,890

December 31, 2021	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair Value
Commercial paper	$	106,298	$	8	$	(29	)	$	106,277
Corporate debt securities		5,876		—		(3	)		5,873
U.S. government agency securities and treasuries		8,062		—		(21	)		8,041
Total	$	120,236	$	8	$	(53	)	$	120,191

The contractual maturity of all securities held at June 30, 2022 was 11 months or less. There were 27 and 20 investments in an unrealized loss position at June 30, 2022 and December 31, 2021, respectively, none of which had been in an unrealized loss position for more than twelve months. The aggregate fair value of the securities in an unrealized loss position at June 30, 2022 and December 31, 2021 was $75.9 million and $72.2 million, respectively. The Company reviews its investments for other-than-temporary

impairment whenever the fair value of an investment is less than amortized cost and evidence indicates that an investment’s carrying amount is not recoverable within a reasonable period of time. To determine whether an impairment is other-than-temporary, the Company considers whether it has the ability and intent to hold the investment until a market price recovery and considers whether evidence indicating the cost of the investment is recoverable outweighs evidence to the contrary. The Company did not hold any securities with an other-than-temporary impairment at June 30, 2022.

Gross realized gains and losses on the sales of investments have not been material to the Company’s consolidated statement of operations.