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Investments
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Investments

4. Investments

Investments by security type consisted of the following at December 31, 2022 (in thousands):

 

 

 

December 31, 2022

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair
Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

2,465

 

 

$

 

 

$

 

 

$

2,465

 

Corporate bonds

 

 

2,958

 

 

 

 

 

 

(1

)

 

 

2,957

 

Government securities

 

 

12,898

 

 

 

3

 

 

 

(12

)

 

 

12,889

 

 

 

$

18,321

 

 

$

3

 

 

$

(13

)

 

$

18,311

 

Investments with original maturities of less than 90 days are included in cash and cash equivalents on the condensed consolidated balance sheets and are not included in the table above. Investments with maturities of less than 12 months are considered current assets and those investments with maturities greater than 12 months are considered non-current assets. As of December 31, 2022, all of the Company’s investments were classified as available-for-sale and mature within 12 months of the balance sheet date.

Excluded from the tables above are restricted investments of $1,401 as the cost approximates current fair value as of June 30, 2023 and December 31, 2022, respectively. The Company did not hold any other investments as of June 30, 2023.