XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Subsequent Events
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

P. Subsequent Events

As previously discussed, the Company holds certain shares of IRNT common stock received in connection with the IronNet Business Combination. IronNet filed a registration statement with the SEC effective September 23, 2021 to register these and other IRNT securities. IronNet filed its Annual Report on Form 10-K with the SEC on May 2, 2022 and is required to file a post-effective amendment to the aforementioned registration statement. On May 3, 2022, IronNet notified the Company that effective immediately, the Company’s will be unable to sell its related IRNT common stock holdings pursuant to the registration statement until notified by IronNet. The Company expects the restrictions will be lifted upon the SEC’s declaration of the effectiveness of the amended registration statement.

On May 5, 2022, the Company sold its put options held at March 31, 2022 covering 250,000 shares of IRNT common stock for $1,263,000.