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Investments and Fair Value Measurement | 3 Months Ended
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Jun. 30, 2023
Investments, All Other Investments [Abstract] |
Investments and Fair Value Measurement | Note 3. Investments and fair value measurement Investments in debt securities As of June 30, 2023, the Company held $5.0 million of investments in debt securities (which are included in the $10.8 million of cash and cash equivalents). For the three months ended June 30, 2023, there was $0.1 million of interest income related to the investments in debt securities. There were less than $0.1 million of unrealized gains recorded on investments in debt securities for the three months ended June 30, 2023. As the investments in debt securities consist of U.S. Treasury bills from active markets, the fair value is measured using level 1 inputs. The following table summarizes the Company's investments in debt securities that are measured at fair value as of June 30, 2023 (in thousands):
|  | Amortized costs basis |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Fair value |
As of March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Investment in debt securities |  | $ | 4,943 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 4,945 |
As of June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Investment in debt securities |  | $ | 4,991 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 4,993 |
Investments in equity securities For the three months ended June 30, 2023, there was $0.7 million of equity securities liquidated and less than a $0.1 million gain on the investment in equity securities. As of June 30, 2023, the fair value of investment in equity securities was zero, as a result of the liquidation of the shares by the underlying company during the three months ended June 30, 2023. As the investment in equity securities consist of common stock from active markets, the fair value is measured using level 1 inputs. The following table presents the activity for investments in equity securities measured at fair value for the three months ended June 30, 2023 (in thousands):
|  | Investment in Equity Securities (in thousands) |
Balance at March 31, 2023 |  | $ | 706 |
Purchases at cost |  |  | — |
Liquidation of equity securities |  |  | (718 | )
Gain on investment in equity securities |  |  | 12 |
Balance at June 30, 2023 |  | $ | — |

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org//321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org//325/tableOfContent + Details
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- References No definition available. + Details
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