CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 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):

	September 30, 2022
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Money market funds	$	52,029	$	—	$	—	$	52,029
Total cash equivalents		52,029		—		—		52,029
Commercial paper		71,888		—		—		71,888
Corporate bonds		29,020		—		(213)		28,807
U.S. Treasury securities		29,797		—		(110)		29,687
Government bonds		14,798		—		(137)		14,661
Asset-backed securities		3,984		—		(6)		3,978
Total short-term investments		149,487		—		(466)		149,021
Total cash equivalents and short-term investments	$	201,516	$	—	$	(466)	$	201,050

	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