Cash, Cash Equivalents and Investments

3 Months Ended

Mar. 31, 2023

Note 4. Cash, Cash Equivalents and Investments

The following tables categorize the fair values of cash, cash equivalents, short-term investments and long-term investments measured at fair value on a recurring basis on our balance sheets (in thousands):


	March 31, 2023		December 31, 2022
Cash and cash equivalents:
Cash	$	4,449	$	3,986
Money market funds		15,863		10,988
Repurchase agreements		—		9,000
Government and agency notes		26,402		20,605
Total cash and cash equivalents	$	46,714	$	44,579

Short-term investments:
Certificates of deposit	$	5,166	$	5,390
Municipal notes		400		506
Corporate notes		7,799		12,411
Government and agency notes		30,124		27,295
Total short-term investments	$	43,489	$	45,602

Long-term investments
Certificates of deposit	$	475		712
Government and agency notes		—		2,866
Total long-term investments	$	475	$	3,578

Equity investments without readily determinable fair values assessed under the measurement alternative

Equity investments without readily determinable fair value include ownership rights that either (i) do not meet the definition of in-substance common stock or (ii) do not provide the Company with control or significant influence and these investments do not have readily determinable fair values.

During the three months ended March 31, 2023, the Company received approximately $70,000 in equity investments without readily determinable fair values of Lighthouse, Inc. in exchange for the Legacy Assets. As of March 31, 2023, the Company has not recorded any cumulative upward adjustments or cumulative impairments for its equity investments without readily determinable fair values.