XML 21 R10.htm IDEA: XBRL DOCUMENT v3.22.1
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
 3 Months Ended
Mar. 31, 2022
Cash, Cash Equivalents, and Short-term Investments [Abstract]  
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Cash equivalents include items almost as liquid as cash, with maturity periods of three months or less when purchased. As of March 31, 2022 and December 31, 2021, the Company’s cash and cash equivalents were composed of:
March 31,
2022		December 31,
2021
UnauditedAudited
Cash$8,376 $3,139 
Money market funds92,071 64,668 
Corporate debt securities2,580 — 
Certificate of deposits, notes and term deposits87,712 140,995 
Total cash and cash equivalents$190,739 $208,802 
Short-term investments include items with maturity dates between three months and one year when purchased. As of March 31, 2022 and December 31, 2021, the Company’s short-term investments were:
March 31,
2022		December 31,
2021
 UnauditedAudited
U.S. Treasury bills$24,857 $199,981 
Other government and governmental agency notes34,786 — 
Corporate debt securities196,274 104,823 
Certificate of deposits, notes and term deposits485,645 424,094 
Total short-term investments$741,562 $728,898 
The Company invests in marketable U.S. Treasury Bills (“T-bills”), other government and governmental agency notes, term deposits, notes, certificate of deposits, money market funds and corporate debt securities that are classified as "held-to-maturity" or "available for sale" securities. These investments are presented as cash and cash equivalents or short-term investments, according their maturity periods.
The estimated fair value of the Company’s short-term investments as of March 31, 2022 and December 31, 2021 was $741,562 and $728,906, respectively. As of March 31, 2022 and December 31, 2021, amounts of $24,857 and $199,988, respectively were categorized as Level 1 and the remaining balance as level 2 in accordance with ASC 820, “Fair Value Measurements and Disclosures”.