Summary of Categorization of Assets and Liabilities Measured at Fair Value |
The tables below summarize the categorization of the Company’s assets and liabilities measured at fair value. During the three months ended March 31, 2019 and 2018, there were no transfers between Levels 1, 2 and 3. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recurring fair value measurements: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Securities owned, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recurring fair value measurements: | | | | | | | | | | | | | | | | | Deferred consideration (Note 11) | | | | | | | | | | | | | | | | | Securities sold, but not yet purchased | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recurring fair value measurements: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Securities owned, at fair value | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Non-recurring fair value measurements: | | | | | | | | | | | | | | | | | Thesys – Series Y preferred stock (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recurring fair value measurements: | | | | | | | | | | | | | | | | | Deferred consideration (Note 11) | | | | | | | | | | | | | | | | | Securities sold, but not yet purchased | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Fair value determined on December 31, 2018 (See Note 9). |
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Summary of Reconciliation of Recurring Fair Value Measurements |
The following table presents a reconciliation of beginning and ending balances of recurring fair value measurements classified as Level 3: | | Three Months Ended March 31, | | | | | | | | | Deferred consideration (See Note 11) | | | | | | | | | | | | | | | | | | Net realized losses/(gains) (1) | | | | | | | | | Net unrealized losses/(gains) (2) | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Recorded as contractual gold payments expense on the Company’s Consolidated Statements of Operations. | | Recorded as gain on revaluation of deferred consideration – gold payments on the Company’s Consolidated Statements of Operations. |
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