Annual report pursuant to Section 13 and 15(d)

CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

v3.24.0.1
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2023
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS  
Schedule of cash, cash equivalents and short-term investments

Cash, cash equivalents and short-term investments consisted of the following (in thousands):

As of December 31,

2023

    

2022

Cash

$

8,247

$

6,264

Money market funds

 

9,685

 

4,155

US treasury bills

 

12,594

 

5,225

Government-sponsored enterprise securities

 

11,233

 

15,796

Corporate bonds and commercial paper

 

15,174

 

26,766

$

56,933

$

58,206

Reported as:

Cash and cash equivalents

$

32,786

$

24,459

Short-term investments

 

24,147

 

33,747

$

56,933

$

58,206

Schedule of cash equivalents and short-term investments including securities with unrealized gains and losses

Cash equivalents and short-term investments include the following securities with gross unrealized gains and losses (in thousands):

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

As of December 31, 2023

Cost

Gains

Losses

Fair Value

 

US treasury bills

$

12,591

$

3

$

$

12,594

Government-sponsored enterprise securities

11,230

7

(4)

$

11,233

Corporate bonds and commercial paper

 

15,172

 

5

 

(3)

 

15,174

Total

$

38,993

$

15

$

(7)

$

39,001

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

As of December 31, 2022

Cost

Gains

Losses

Fair Value

 

US treasury bills

$

5,251

$

$

(26)

$

5,225

Government-sponsored enterprise securities

15,882

1

(87)

15,796

Corporate bonds and commercial paper

 

26,807

 

 

(41)

 

26,766

Total

$

47,940

$

1

$

(154)

$

47,787

Schedule of fair value and gross unrealized losses of investments in unrealized loss position

The following table shows the fair value and gross unrealized losses of our investments in individual securities that are in an unrealized loss position, aggregated by investment category (in thousands):

As of December 31, 2023

    

Fair Value

    

Unrealized Losses

 

US treasury bills

$

1,000

$

Government-sponsored enterprise securities

2,980

(4)

Corporate bonds and commercial paper

6,561

(3)

Total

$

10,541

$

(7)