As of November 30, 2021, and February 28, 2021, the Company had the following investments:

	November 30, 2021
	Fair Value
Investment Securities
Marketable Equity Securities
Mutual funds	$	1,440
Total Marketable Equity Securities		1,440
Total Investment Securities	$	1,440

	February 28, 2021
	Fair Value
Investment Securities
Marketable Equity Securities
Mutual funds	$	1,777
Total Marketable Securities		1,777
Total Investment Securities	$	1,777

The Company’s mutual funds are held in connection with its deferred compensation plan. Changes in the carrying value of these securities are offset by changes in the corresponding deferred compensation liability.

In July 2017, the Company sold its investment in RxNetworks, a non-controlled corporation, consisting of shares of the investee’s preferred stock. Voxx recognized a gain of $1,416 during Fiscal 2018 for the sale of this investment. A portion of the cash proceeds for the sale was subject to a hold-back provision, which was not included in the calculation of the gain recognized in Fiscal 2018, as it was considered a gain contingency. During the second quarter of Fiscal 2020, the hold-back provision expired, and the Company received additional proceeds from the sale in August 2019, recording an investment gain of $775 for the nine months ended November 30, 2019. In November 2020, a final disbursement of all remaining proceeds from the sale of RxNetworks attributable to Voxx was received in the amount of $42, which was recorded as an investment gain for the three and nine months ended November 30, 2020.