CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2022

CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Schedule of cash equivalents and short-term investments

The Company’s cash equivalents and short-term investments are invested in the following (in thousands):

	March 31, 2022
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Money market funds	$	87,581	$	—	$	—	$	87,581
Total cash equivalents		87,581		—		—		87,581
Commercial paper		56,282		—		—		56,282
Corporate bonds		16,140		—		(32)		16,108
Government bonds		17,274		—		(3)		17,271
Asset-backed securities		7,516		—		(2)		7,514
Total short-term investments		97,212		—		(37)		97,175
Total cash equivalents and short-term investments	$	184,793	$	—	$	(37)	$	184,756

	December 31, 2021
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Money market funds	$	46,521	$	—	$	—	$	46,521
Total cash equivalents		46,521		—		—		46,521
Commercial paper		70,401		—		—		70,401
Corporate bonds		65,645		—		(28)		65,617
Government bonds		36,487		—		(11)		36,476
Asset-backed securities		24,665		—		(10)		24,655
Total short-term investments		197,198		—		(49)		197,149
Total cash equivalents and short-term investments	$	243,719	$	—	$	(49)	$	243,670