Cash, Cash Equivalents and Short-Term Investments

9 Months Ended

Sep. 30, 2023

Cash, Cash Equivalents and Short-Term Investments

Cash, Cash Equivalents and Short-Term Investments

3. Cash, Cash Equivalents and Short-Term Investments

As of September 30, 2023, our cash and cash equivalents included $1.2 million of cash accounts in banking institutions and $139.3 million in money market funds. As of December 31, 2022, our cash and cash equivalents included $10.6 million of cash accounts in banking institutions and $230.0 million in money market funds. Our cash and cash equivalents are maintained in federally insured financial institutions in excess of the federally insured limit. Included in other assets at September 30, 2023 was $0.2 million of accrued interest receivable related to our short-term investments.

The following table provides details regarding our portfolio of short-term investments (in thousands) as of September 30, 2023:

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities	$	28,624	$	97	$	(155)	$	28,566
U.S. Government Agency securities		7,366		21		(34)		7,353
Total	$	35,990	$	118	$	(189)	$	35,919

We did not have any short-term investments as of December 31, 2022.