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Investments
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Investments

3. Investments

The following table summarizes the amortized cost and estimated fair value of the Company's U.S. Treasury securities and U.S. government-sponsored enterprise securities, which are considered to be available-for-sale investments and were included in short-term investments and long-term investments on the consolidated balance sheets (in thousands):

 

 

 

December 31, 2022

 

 

 

Amortized Cost

 

 

Gross Unrealized
Gains

 

 

Gross Unrealized
Losses

 

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

32,174

 

 

$

3

 

 

$

(34

)

 

$

32,143

 

U.S. government-sponsored enterprise securities

 

 

66,106

 

 

 

68

 

 

 

(85

)

 

 

66,089

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

7,242

 

 

 

 

 

 

(4

)

 

 

7,238

 

U.S. government-sponsored enterprise securities

 

 

34,686

 

 

 

 

 

 

(43

)

 

 

34,643

 

 

 

$

140,208

 

 

$

71

 

 

$

(166

)

 

$

140,113

 

 

Certain short-term debt securities with original maturities of less than 90 days are included in cash and cash equivalents on the consolidated balance sheet and are not included in the table above. As of December 31, 2022, all short-term investments had contractual maturities within one year and all long-term investments had contractual maturities between one to two years. The Company had no investments during the year ended December 31, 2021.