Marketable Securities

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

(3) Marketable Securities

Marketable securities consist of mutual funds and debt securities. At December 31, 2021 and 2020, it was determined that none of the marketable securities had an other-than-temporary impairment. At December 31, 2021 and December 31, 2020, all securities were measured as Level 1 instruments of the fair value measurements standard (See Note 16: Fair Value). As of December 31, 2021, and December 31, 2020, the Company held $16,175,000 and $15,877,000 in mutual funds and debt and equity securities, respectively.

Mutual Funds classified as available for sale consisted of:

	December 31, 2021
	(in thousands)
Securities	Fair Value		Short-Term Investments
Mutual Funds	$	16,175	$	16,175
Totals	$	16,175	$	16,175

Securities	December 31, 2021 (in thousands)
Net losses recognized during the period on equity securities	$	(88	)
Less: Net gains and losses recognized during the period on equity securities sold during the period		—
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(88	)

Debt Securities classified as available for sale consisted of:

December 31, 2020

(in thousands)

Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Fair Value		Marketable Securities
U.S. Treasury notes	$	5,746	$	—	$	(47	)	$	5,699	$	5,699
U.S. Government mortgage backed securities		4,890		—		(52	)		4,838		4,838
Corporate bonds		5,288		52		—			5,340		5,340
Totals	$	15,924	$	52	$	(99	)	$	15,877	$	15,877

December 31, 2020
(in thousands)

	Less than 12 Months				12 Months or More					Total
Securities	Fair Value		Gross Unrealized Gains (Losses)		Fair Value		Gross Unrealized Gains (Losses)			Fair Value		Gross Unrealized Gains (Losses)
U.S. Treasury notes	$	501	$	—	$	5,245	$	(47	)	$	5,699	$	(47	)
U.S. Government mortgage backed securities		—		—		4,890		(52	)		4,838		(52	)
Corporate bonds		—		—		5,288		52			5,340		52
Totals	$	501	$	—	$	15,423	$	(47	)	$	15,877	$	(47	)

Gross realized gain recognized during 2021 was $11,000 and gross realized (loss) of $1,000 during 2020.