|9 Months Ended|
Sep. 30, 2021
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.
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