Marketable Securities

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Note 4: Marketable Securities

Marketable securities consist of mutual funds. As of March 31, 2023 and December 31, 2022, it was determined that none of the marketable securities had an other-than-temporary impairment. As of March 31, 2023 and December 31, 2022, all securities were measured as Level 1 instruments of the fair value measurements standard (See Note 11: Fair Value). As of March 31, 2023, and December 31, 2022 the Company held $7,454,000 and $7,137,000 in mutual funds, respectively.

Mutual Funds classified as available for sale consisted of:

March 31, 2023
(in thousands)

Securities	Fair Value		Short-Term Investments
Mutual Funds	$	7,454	$	7,454
Totals	$	7,454	$	7,454

March 31, 2023
(in thousands)

Securities
Net gains and losses recognized during the period on equity securities	$	290
Less: Net gains and losses recognized during the period on equity securities sold during the period		(87	)
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	203

Mutual Funds classified as available for sale consisted of:

December 31, 2022

(in thousands)

Securities	Fair Value		Short-Term Investments
Mutual Funds	$	7,137	$	7,137
Totals	$	7,137	$	7,137

December 31, 2022

(in thousands)

Securities
Net losses recognized during the period on equity securities	$	(1,679	)
Less: Net gains and losses recognized during the period on equity securities sold during the period		(751	)
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(928	)