Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments

v3.23.1
Short-term Investments
 3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Short-term Investments Short-term Investments
As of March 31, 2023, the Company's short-term investments consisted of U.S. Treasury Securities classified as held-to-maturity. Held-to-maturity investments are recorded at amortized cost and adjusted for the amortization or accretion of premiums or discounts. The Company considers all investments with original maturities of 3 months or less to be cash and cash equivalents and investments with original maturities of more than three months but less than one year to be short-term investments. The carrying value, excluding gross unrealized holding gains or losses and fair value as of March 31, 2023 and December 31, 2022 were as follows:
March 31, 2023
Amortized Cost and Carrying Value Gross Unrealized Gains Gross Unrealized Losses
Fair Value March 31, 2023
Classified as Cash and cash equivalents
U.S. Treasury Securities $ 4,962  $ 18  $ —  $ 4,980 
Classified as short-term investments
U.S. Treasury Securities $ 19,733  $ 67  $ —  $ 19,800 
December 31, 2022
Amortized Cost and Carrying Value Gross Unrealized Gains Gross Unrealized Losses
Fair Value December 31, 2022
Classified as Cash and cash equivalents
U.S. Treasury Securities $ 19,864  $ 73  $ —  $ 19,937 
Classified as short-term investments
U.S. Treasury Securities $ 9,816  $ 33  $ —  $ 9,849