CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
|3 Months Ended|
Mar. 31, 2023
|CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS|
|CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS||
4. CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
The Company’s cash equivalents and short-term investments are invested in the following (in thousands):
During the year ended December 31, 2021, the Company made a $20.0 million investment in equity securities of a publicly-traded company. The Company records this investment at fair value within short-term investments, which was $0.7 million as of March 31, 2023. During the three months ended March 31, 2023, the Company recorded an unrealized loss due to the change in fair value of the equity securities of $0.4 million, respectively, in interest and other (expense) income, net in the consolidated statements of operations.
The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef