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Investments
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Amortized cost, gross unrealized gains/losses in accumulated other comprehensive loss and fair value of marketable debt securities, available-for-sale, by type of security as of March 31, 2023 and December 31, 2022 consisted of the following (in thousands):
March 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Short-term investments:
Corporate debt security$24,185 $— $(303)$23,882 
U.S. treasuries651 — (1)650 
Asset-backed security and other3,029 — (33)2,996 
$27,865 $— $(337)$27,528 
December 31, 2022
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Short-term investments:
Corporate debt security$40,177 $— $(612)$39,565 
U.S. treasuries2,201 — (21)2,180 
Asset-backed security and other5,324 — (76)5,248 
Non-U.S. government and supranational bonds3,685 — (30)3,655 
$51,387 $— $(739)$50,648 

As of March 31, 2023, no allowance for credit losses was recorded related to an impairment of available-for-sale securities.

The Company’s investments in marketable debt securities, available-for-sale that have been in a continuous unrealized loss position by type of security as of March 31, 2023 and December 31, 2022 consisted of the following (in thousands):

March 31, 2023
Less than 12 months12 months or greaterTotal
Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
Corporate debt security$405 $— $23,477 $(303)$23,882 $(303)
U.S. treasuries— — 650 (1)650 (1)
Asset-backed security and other— — 2,996 (33)2,996 (33)
$405 $— $27,123 $(337)$27,528 $(337)
December 31, 2022
Less than 12 months12 months or greaterTotal
Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
Corporate debt security$1,790 $(2)$37,775 $(610)$39,565 $(612)
U.S. treasuries— — 2,180 (21)2,180 (21)
Asset-backed security and other— — 5,248 (76)5,248 (76)
Non-U.S. government and supranational bonds— — 3,655 (30)3,655 (30)
$1,790 $(2)$48,858 $(737)$50,648 $(739)

Gross realized gains and gross realized losses from the sales of the Company’s marketable debt securities, available-for-sale for the three months ended March 31, 2023 and 2022 consisted of the following (in thousands):
Three Months Ended March 31,
20232022
Gross realized gains$— $— 
Gross realized losses$(91)$(6)
Amortized cost and fair value of marketable debt securities, available-for-sale by contractual maturity as of March 31, 2023 consisted of the following (in thousands, except weighted average data):

Amortized CostFair Value
Due in one year or less$27,865 $27,528 
Weighted average contractual maturity0.3 years

Amortized cost and fair value of marketable debt securities, available-for-sale by contractual maturity as of December 31, 2022 consisted of the following (in thousands, except weighted average data):    
Amortized CostFair Value
Due in one year or less$51,387 $50,648 
Weighted average contractual maturity0.3 years

Actual maturities may differ from contractual maturities because certain issuers may have the right or obligation to prepay certain obligations with or without penalties.