Available-for-Sale Marketable Securities (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
|---|
| Available-for-Sale Marketable Securities |
|
| Summary of Available-for-Sale Marketable Securities by Major Type of Security |
As of June 30, 2023 | | | | | | | | | | | | | | | | | | Gross Unrealized | | Estimated Fair | Type of Security | | Amortized Cost | | Gains | | Losses | | Value | U.S. government agency obligations | | $ | 9,500 | | $ | — | | $ | (497) | | $ | 9,003 | Corporate bonds | | | 19,859 | | | — | | | (184) | | | 19,675 | Municipal bonds | | | 14,866 | | | — | | | (49) | | | 14,817 | Total available-for-sale marketable securities | | $ | 44,225 | | $ | — | | $ | (730) | | $ | 43,495 |
As of December 31, 2022 | | | | | | | | | | | | | | | | | | Gross Unrealized | | Estimated Fair | Type of Security | | Amortized Cost | | Gains | | Losses | | Value | U.S. government agency obligations | | $ | 9,500 | | $ | — | | $ | (623) | | $ | 8,877 | Corporate bonds | | | 35,828 | | | — | | | (643) | | | 35,185 | Commercial paper | | | 26,879 | | | 2 | | | (6) | | | 26,875 | Municipal bonds | | | 22,473 | | | — | | | (402) | | | 22,071 | Total available-for-sale marketable securities | | $ | 94,680 | | $ | 2 | | $ | (1,674) | | $ | 93,008 |
|
| Schedule of Fair Values and Continuous Unrealized Loss Positions of Available-for-Sale Marketable Securities |
As of June 30, 2023 | | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | Value | | Losses | | Value | | Losses | | Value | | Losses | U.S. government agency obligations | | $ | — | | $ | — | | $ | 9,003 | | $ | (497) | | $ | 9,003 | | $ | (497) | Corporate bonds | | | — | | | — | | | 19,675 | | | (184) | | | 19,675 | | | (184) | Municipal bonds | | | — | | | — | | | 7,702 | | | (49) | | | 7,702 | | | (49) | Total | | $ | — | | $ | — | | $ | 36,380 | | $ | (730) | | $ | 36,380 | | $ | (730) |
As of December 31, 2022 | | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | Value | | Losses | | Value | | Losses | | Value | | Losses | U.S. government agency obligations | | $ | — | | $ | — | | $ | 8,877 | | $ | (623) | | $ | 8,877 | | $ | (623) | Corporate bonds | | | 1,470 | | | (26) | | | 33,715 | | | (617) | | | 35,185 | | | (643) | Commercial paper | | | 15,906 | | | (6) | | | — | | | — | | | 15,906 | | | (6) | Municipal bonds | | | 982 | | | (16) | | | 19,589 | | | (386) | | | 20,571 | | | (402) | Total | | $ | 18,358 | | $ | (48) | | $ | 62,181 | | $ | (1,626) | | $ | 80,539 | | $ | (1,674) |
|
| Schedule of Amortized Cost and Fair Values of Marketable Debt Securities by Contractual Maturity |
| | | | | | | | | | | | | | | As of June 30, 2023 | | As of December 31, 2022 | Contractual maturity | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | Less than one year | | $ | 36,725 | | $ | 36,442 | | $ | 82,678 | | $ | 81,658 | One year to two years | | | 7,500 | | | 7,053 | | | 12,002 | | | 11,350 | Total | | $ | 44,225 | | $ | 43,495 | | $ | 94,680 | | $ | 93,008 |
|