INVESTMENTS

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

4. INVESTMENTS

The following table summarizes the Company’s investments as of September 30, 2022 (in thousands):

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Losses			Fair Value
Debt Securities:
Commercial paper	$	17,405	$	—	$	—		$	17,405
Corporate debt securities		36,588		—		(207	)		36,381
Total	$	53,993	$	—	$	(207	)	$	53,786

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable securities by contractual maturity as of September 30, 2022 (in thousands):

	Amortized Cost		Fair Value
Maturing in one year or less	$	53,993	$	53,786
Maturing after one year but less than three years		—		—
	$	53,993	$	53,786

The following table summarizes the Company’s investments as of December 31, 2021 (in thousands):

	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Losses			Fair Value
Debt Securities:
Commercial paper	$	12,794	$	—	$	—		$	12,794
Corporate debt securities		32,922		—		(58	)		32,864
Asset backed securities		10,235		—		(4	)		10,231
Other Investments:
Term deposits (Matured 2/20/2022 - 5/5/2022)		16,752		—		—			16,752
Total	$	72,703	$	—	$	(62	)	$	72,641

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale marketable securities by contractual maturity as of December 31, 2021 (in thousands):

	Amortized Cost		Fair Value
Maturing in one year or less	$	44,859	$	44,848
Maturing after one year but less than three years		11,092		11,041
	$	55,951	$	55,889