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Short-term Investments (Tables)
12 Months Ended
Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]  
Summary of Major Security Type of Investments The following table summarizes, by major security type, the Company’s investments (in thousands):

 

As of December 31, 2020

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

13,296

 

 

$

1

 

 

$

 

 

$

13,297

 

Asset backed securities

 

 

2,559

 

 

 

 

 

 

 

 

 

2,559

 

Corporate securities

 

 

19,479

 

 

 

3

 

 

 

(3

)

 

 

19,479

 

Commercial paper

 

 

23,973

 

 

 

 

 

 

 

 

 

23,973

 

Total short-term investments

 

$

59,307

 

 

$

4

 

 

$

(3

)

 

$

59,308

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

15,629

 

 

$

11

 

 

$

(2

)

 

$

15,638

 

Asset backed securities

 

 

8,789

 

 

 

10

 

 

 

 

 

 

8,799

 

Corporate securities

 

 

30,556

 

 

 

30

 

 

 

(1

)

 

 

30,585

 

Commercial paper

 

 

16,935

 

 

 

 

 

 

 

 

 

16,935

 

Total short-term investments

 

$

71,909

 

 

$

51

 

 

$

(3

)

 

$

71,957