INVESTMENTS

9 Months Ended

Sep. 30, 2024

INVESTMENTS

INVESTMENTS

5. INVESTMENTS

The carrying value and amortized cost of the Company’s available-for-sale debt securities, summarized by type of security, consisted of the following:

	September 30, 2024
		Amortized	Unrealized	Unrealized		Fair
		Cost	Gains	Losses		Value
Short-term:
Commercial paper	$	10,259	21	—	$	10,280
Corporate debt securities		12,804	25	—		12,829
Total short-term investments	$	23,063	46	—	$	23,109
Long-term:
Corporate debt securities		67,722	453	(3)		68,172
U.S. government securities		26,047	24	(21)		26,050
Total long-term investments	$	93,769	477	(24)	$	94,222
	December 31, 2023
		Amortized	Unrealized	Unrealized		Fair
		Cost	Gains	Losses		Value
Short-term:
Commercial paper	$	23,832	36	(3)	$	23,865
Corporate debt securities		15,968	28	—		15,996
U.S. government securities		1,940	—	(1)		1,939
Total short-term investments	$	41,740	64	(4)	$	41,800
Long-term:
Commercial paper	$	744	—	—	$	744
Corporate debt securities		42,688	81	(28)		42,741
U.S. government securities		28,795	7	(118)		28,684
Total long-term investments	$	72,227	88	(146)	$	72,169

The Company classifies investments with an original maturity of less than one year as current and investments with an original maturity date of greater than one year as noncurrent on its unaudited condensed consolidated balance sheet. The investments classified as noncurrent have original maturity dates ranging from 1-2 years. The Company did not have any available-for-sale debt security investments in a continuous unrealized loss position of greater than 12 months as of September 30, 2024, and December 31, 2023, respectively.