INVESTMENTS

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

As of March 31, 2023, investments were comprised of the following:


	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value

Corporate bonds	$	36,780	$	—	$	(538)	$	36,242
U.S. Government agencies	28,621		—		(638)		27,983
Total	$	65,401	$	—	$	(1,176)	$	64,225

As of December 31, 2022, investments were comprised of the following:


	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Commercial paper	$	3,748	$	—	$	(1)	$	3,747
Corporate bonds	46,443		—		(800)		45,643
U.S. Government agencies	40,125		—		(1,023)		39,102
Total	$	90,316	$	—	$	(1,824)	$	88,492

As of March 31, 2023, all marketable securities held by the Company had remaining contractual maturities of one year or less, except for corporate bonds with a fair value of $1,983 that had maturities of one to three years. As of March 31, 2023, all marketable securities held by the Company were in a loss position.

As of December 31, 2022, all marketable securities held by the Company had remaining contractual maturities of one year or less, except for U.S. government agencies, corporate bonds, and commercial paper with a fair value of $13,687 that had maturities of one to three years. As of December 31, 2022, all marketable securities held by the Company were in a loss position.

As of March 31, 2023, the Company reviewed its investment portfolio to assess the unrealized losses on its available-for-sale investments. The Company evaluated whether it intended to sell the security and whether it was more likely than not that the Company would be required to sell the security before recovering its amortized cost basis. The Company also determined no portion of the unrealized losses relate to a credit loss. There have been no impairments of the Company’s assets measured and carried at fair value during the three months ended March 31, 2023 and the year ended December 31, 2022.