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Cash Equivalents and Investments (Tables)
6 Months Ended
Jun. 30, 2022
Cash and Cash Equivalents [Abstract]  
Summary of amortized cost and fair value of our cash equivalents and investments

The following tables summarize the amortized cost and fair value of the Company's cash equivalents and investments (in thousands):

 

 

 

JUNE 30, 2022

 

 

 

AMORTIZED COST BASIS

 

 

GROSS UNREALIZED GAINS

 

 

GROSS UNREALIZED LOSSES

 

 

ESTIMATED FAIR VALUE

 

Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

80,069

 

 

$

 

 

$

 

 

$

80,069

 

Total Cash Equivalents

 

$

80,069

 

 

$

 

 

$

 

 

$

80,069

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

8,693

 

 

$

 

 

$

 

 

$

8,693

 

Asset-backed securities

 

 

2,005

 

 

 

 

 

 

(4

)

 

 

2,001

 

U.S. treasury securities

 

 

4,785

 

 

 

 

 

 

(37

)

 

 

4,748

 

Total Investments

 

$

15,483

 

 

$

 

 

$

(41

)

 

$

15,442

 

 

 

 

DECEMBER 31, 2021

 

 

 

AMORTIZED COST BASIS

 

 

GROSS UNREALIZED GAINS

 

 

GROSS UNREALIZED LOSSES

 

 

ESTIMATED FAIR VALUE

 

Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

98,900

 

 

$

 

 

$

 

 

$

98,900

 

Total Cash Equivalents

 

$

98,900

 

 

$

 

 

$

 

 

$

98,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

11,084

 

 

$

 

 

$

 

 

$

11,084

 

Asset-backed securities

 

 

2,020

 

 

 

 

 

 

(2

)

 

 

2,018

 

U.S. treasury securities

 

 

4,812

 

 

 

 

 

 

(8

)

 

 

4,804

 

Corporate bonds

 

 

5,271

 

 

 

 

 

 

(4

)

 

 

5,267

 

Total Investments

 

$

23,187

 

 

$

 

 

$

(14

)

 

$

23,173