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Short-Term Investments
6 Months Ended
Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]  
Short-Term Investments

3. Short-Term Investments

The following table summarizes the amortized cost and estimated fair value of the Company’s marketable securities, which are considered to be available-for-sale investments and were included in short-term investments on the condensed consolidated balance sheets:

 

 

 

June 30, 2020

 

(in thousands)

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

U.S. treasury securities

 

$

4,995

 

 

-

 

 

$

(1

)

 

$

4,994

 

U.S. government treasury securities

 

 

21,072

 

 

 

118

 

 

 

-

 

 

 

21,190

 

Totals

 

$

26,067

 

 

$

118

 

 

$

(1

)

 

$

26,184

 

 

 

 

December 31, 2019

 

(in thousands)

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

U.S. government treasury securities

 

$

64,925

 

 

$

68

 

 

$

 

 

$

64,993

 

Totals

 

$

64,925

 

 

$

68

 

 

$

 

 

$

64,993

 

 

Certain short-term debt securities 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 tables above. At June 30, 2020 and December 31, 2019, all investments had contractual maturities within one year.