Quarterly report pursuant to Section 13 or 15(d)

Short-Term Investments

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Short-Term Investments
9 Months Ended
Sep. 30, 2021
Short-Term Investments.  
Short-Term Investments

4. Short-Term Investments

Short-term investments consist of equity securities with a maturity of greater than three months when acquired. The Company holds its securities at fair value as of September 30, 2021 and December 31, 2020. Unrealized gains and losses on securities are reported in the other (expense) income line item on the statement of operations and comprehensive loss. Short-term investments at September 30, 2021 and December 31, 2020 consisted of mutual funds with fair values of $101.0 million and $100.8 million, respectively.