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Available-For-Sale Securities
6 Months Ended
Jun. 30, 2023
Debt Securities, Available-for-Sale [Abstract]  
Available-For-Sale Securities
NOTE 5.
AVAILABLE-FOR-SALE
SECURITIES
All marketable securities were considered
available-for-sale
at June 30, 2023. The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s marketable securities by major security type at June 30, 2023 are summarized in the table below (amounts in thousands):
 
    
June 30, 2023
 
    
Amortized Cost
    
Gross Unrealized
Gain
    
Gross
Unrealized Loss
   
Fair Value
 
Assets:
                                  
Short-term marketable securities:
                                  
Commercial paper
   $ 5,173      $ —        $ (2   $ 5,171  
U.S. government treasuries
     2,954        —          (1     2,953  
U.S. government agency securities
     10,471        —          (8     10,463  
Corporate debt securities
     2,093        —          —         2,093  
    
 
 
    
 
 
    
 
 
   
 
 
 
Total marketable securities
   $ 20,691      $ —        $ (11   $ 20,680  
    
 
 
    
 
 
    
 
 
   
 
 
 
   
    
December 31, 2022
 
    
Amortized Cost
    
Gross Unrealized
Gain
    
Gross
Unrealized Loss
   
Fair Value
 
Assets:
                                  
Short-term marketable securities:
                                  
Commercial paper
   $ 15,608      $ —        $ (21   $ 15,587  
U.S. government treasuries
     1,007        —          (2     1,005  
U.S. government agency securities
     16,105        —          (36     16,069  
Corporate debt securities
     8,149        —          (14     8,135  
    
 
 
    
 
 
    
 
 
   
 
 
 
Total marketable securities
   $ 40,869      $ —        $ (73   $ 40,796  
    
 
 
    
 
 
    
 
 
   
 
 
 
As of June 30, 2023, some of the Company’s marketable securities were in an unrealized loss position. The Company determined that it did have the ability and intent to hold all marketable securities that have been in a continuous loss position until maturity or recovery, thus there has been no recognition of any other-than-temporary impairment in the three- and
six-
mont
hs
ended June 30, 2023.