XML 26 R15.htm IDEA: XBRL DOCUMENT v3.23.3
Other Investments
9 Months Ended
Sep. 30, 2023
Other Investments [Abstract]  
Other Investments [TextBlock]

Note 8 – Other Investments 

 

We are a co-investor with other communication companies in several partnerships and limited liability companies. These joint ventures make it possible to offer services to customers, including digital video services and fiber transport services that we would have difficulty offering on our own. These joint ventures also make it possible to invest in new technologies with a lower level of financial risk. We recognize income and losses from these investments on the equity method of accounting. For a listing of our investments, see Note 11 – “Segment Information.” 

 

Nuvera recognized a net gain of $4,060,775, including true-ups subsequent to the sale, in book value in connection with the sale of the FiberComm, LC (Fibercomm) interest. 

 

The FASB requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. As of September 30, 2023, and 2022, respectively, the Company had not recorded any gains or losses on our investments.