Marketable Securities

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Note 4: Marketable Securities

Marketable securities consist of mutual funds. As of September 30, 2022, and December 31, 2021, it was determined that none of the marketable securities had an other-than-temporary impairment. As of September 30, 2022, and December 31, 2021, all securities were measured as Level 1 instruments under the fair value measurements standard (See Note 11: Fair Value). As of September 30, 2022, and December 31, 2021, the Company held approximately $6,986,000 and $16,175,000 in mutual funds.

Mutual Funds classified as available for sale consisted of:

September 30, 2022

(in thousands)

Securities	Fair Value		Short-Term Investments
Mutual Funds	$	6,986	$	6,986
Totals	$	6,986	$	6,986

September 30, 2022

(in thousands)

Securities
Net losses recognized during the period on equity securities	$	(1,769	)
Less: Net gains and losses recognized during the period on equity securities sold during the period		(598	)
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(1,171	)

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

December 31, 2021

(in thousands)

Securities
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	)