Cash, Cash Equivalents and Short-Term Investments

3 Months Ended

Mar. 31, 2024

Cash, Cash Equivalents and Short-Term Investments

Cash, Cash Equivalents and Short-Term Investments

3. Cash, Cash Equivalents and Short-Term Investments

As of March 31, 2024, our Cash and cash equivalents included $1.4 million of cash accounts in banking institutions and $102.9 million in money market funds. As of December 31, 2023, our Cash and cash equivalents included $1.3 million of cash accounts in banking institutions and $119.3 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 March 31, 2024 and December 31, 2023 was $0.1 million and $0.2 million, respectively, 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 March 31, 2024 and December 31, 2023:

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
March 31, 2024
U.S. Treasury securities	$	9,000	$	155	$	(155)	$	9,000
Total	$	9,000	$	155	$	(155)	$	9,000
December 31, 2023
U.S. Treasury securities	$	26,852	$	138	$	(155)	$	26,835
U.S. Government Agency securities		2,884		31		(34)		2,881
Total	$	29,736	$	169	$	(189)	$	29,716