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Investments
9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Investments

4. Investments

As of September 30, 2023, the Company held restricted investments of $1,401, the cost of which approximates current fair value. The Company did not hold any other investments as of September 30, 2023.

Investments by security type consisted of the following at December 31, 2022 (in thousands):

 

 

 

December 31, 2022

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair
Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

2,465

 

 

$

 

 

$

 

 

$

2,465

 

Corporate bonds

 

 

2,958

 

 

 

 

 

 

(1

)

 

 

2,957

 

Government securities

 

 

12,898

 

 

 

3

 

 

 

(12

)

 

 

12,889

 

 

 

$

18,321

 

 

$

3

 

 

$

(13

)

 

$

18,311

 

Excluded from the table above are restricted investments of $1,401, as the cost approximated fair value as of December 31, 2022. Investments with original maturities of less than 90 days are included in cash and cash equivalents on the condensed consolidated balance sheets and are not included in the table above. Investments with maturities of less than 12 months are considered current assets and those investments with maturities greater than 12 months are considered non-current assets. As of December 31, 2022, all of the Company’s investments were classified as available-for-sale and mature within 12 months of the balance sheet date.