Cash Equivalents and Short-Term Investments

12 Months Ended

Dec. 31, 2020

Cash and Cash Equivalents [Abstract]

Cash Equivalents and Short-Term Investments

5. Cash Equivalents and Short-Term Investments

For the year ended December 31, 2020, the Company transferred all available-for-sale securities to cash accounts.

Cash equivalents and short-term investments consisted of the following as of December 31, 2019 (in thousands)

	December 31, 2019
	Amortized Cost		Unrealized Gains		Unrealized Losses		Market Value
Cash equivalents
Money market funds	$	2,019	$	–	$	–	$	2,019
Commercial paper		1,020		4		–		1,024
U.S. government debt securities		3,761		9		–		3,770
Total cash equivalents (1)		6,800		13		–		6,813
Short-term investments
Commercial paper		9,986		54		–		10,040
Corporate debt securities		8,977		5		–		8,982
Total short-term investments		18,963		59		–		19,022
Total	$	25,763	$	72	$	–	$	25,835

(1) Included in cash and cash equivalents in the Company’s consolidated balance sheet as of December 31, 2019 in addition to $3.4 million of cash.

All investments of debt securities held as of December 31, 2019 had maturities of less than one year. For the year ended December 31, 2020 and 2019, the Company recognized net realized gains on available-for-sale securities of $0.1 million and $0.5 million, respectively.