Note D - Marketable Securities

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

D. Marketable Securities

The Company accounts for equity securities under ASC 321. Such securities are reported at fair value on the consolidated balance sheets, and the related unrealized gains and losses are reported in the consolidated statements of cash flows as non-cash adjustments to income. Any realized and unrealized gains or losses on marketable securities are reported in the consolidated statements of operations as investment income or (loss). Details of marketable securities held at September 30, 2023 and December 31, 2022 are as follows (in thousands):

					Cumulative Unrealized
	Fair Value		Basis		Loss
	September 30, 2023
Equity security		22		33		(11	)
	$	22	$	33	$	(11	)

	December 31, 2022
198,750 shares of IronNet common stock	$	46	$	4,273	$	(4,227	)
Equity funds and other securities		16,539		17,024		(485	)
	$	16,585	$	21,297	$	(4,712	)

The shares of IRNT common stock were received by the Company as a result of a distribution, with the basis of these securities being determined using the fair value on the date of distribution.