Investment in equity securities |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2020 | |||
Investment in equity securities [Abstract] | |||
Investment in equity securities |
The Company has invested in equity securities of an international oil and gas drilling contractor. The cost of the investment was $3,667. As of March 31, 2020 and December 31, 2019, the Company owned 295,256 shares of that contractor and the fair value of the investment was $140 and $2,540, respectively. The unrealized (loss) gain of $(2,400) and $896 for the three months ended March 31, 2020 and 2019, respectively, is included within Other expense (income), net in the condensed consolidated statements of operations and comprehensive loss. |