XML 57 R43.htm IDEA: XBRL DOCUMENT v3.22.0.1
EQUITY SECURITIES (Tables)
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Equity Security Ownership Interest The following table includes our equity securities accounted for under the equity method and related ownership interest as of December 31, 2021:
Ownership
interest
Medici Ventures, L.P.99%
tZERO Group, Inc.40%
Equity method investments
The following table summarizes the net income recognized on equity method securities recorded in Other income (expense), net in our consolidated statements of operations for the year ended December 31, 2021 (in thousands):
Year ended December 31,
2021
Net income recognized on our proportionate share of the net income of our equity method securities$9,953 
Increase in fair value of equity method securities held under fair value option2,632 
Equity Method Investments, Summarized Financial Information
Regulation S-X Rule 4-08(g)

For the period ended December 31, 2021, certain investments subject to Regulation S-X Rule 4-08(g) held by the Company in aggregate have met the significance criteria as defined under SEC guidance. As such, the Company is required to present summarized financial information for these significant investees that qualified as equity method securities during the respective periods presented as practicable (including the pre-deconsolidation results of operations for those investments that qualified prior to the Medici Closing) that were for the years ended December 31, 2021 and 2020 and such information is as follows (in thousands):
December 31,
Balance Sheet20212020
Assets$319,121 $45,926 
Liabilities(21,717)(24,891)
Equity$(297,404)$(21,035)
Year ended December 31,
Results of Operations20212020
Revenues$20,801 $4,788 
Pre-tax loss(18,373)(36,553)
Net loss(18,435)(36,625)