Marketable Investments

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Marketable Investments

Note 4: Marketable Investments

Marketable investments consist of mutual funds. As of September 30, 2023 and December 31, 2022, it was determined that none of the marketable investments had an other-than-temporary impairment. As of September 30, 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 September 30, 2023, and December 31, 2022 the Company held $7,167,000 and $7,137,000 in mutual funds, respectively.

Mutual Funds classified as available for sale consisted of:

	September 30, 2023
	(in thousands)
Securities	Fair Value		Short-Term Investments
Mutual Funds	$	7,167	$	7,167
Totals	$	7,167	$	7,167

	For the Three months Ended September 30, 2023 (in thousands)
Securities
Net losses recognized during the period on equity securities	$	(309	)
Less: Net gains and losses recognized during the period on equity securities sold during the period		(42	)
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(267	)

	For the Nine months Ended September 30, 2023 (in thousands)
Securities
Net losses recognized during the period on equity securities	$	(201	)
Less: Net gains and losses recognized during the period on equity securities sold during the period		(130	)
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(71	)

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

	For the Three months Ended September 30, 2022 (in thousands)
Securities
Net losses recognized during the period on equity securities	$	(365	)
Less: Net gains and losses recognized during the period on equity securities sold during the period		(15	)
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(350	)

	For the Nine months Ended September 30, 2022 (in thousands)
Securities
Net losses recognized during the period on equity securities	$	(1,768	)
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	$	(1,170	)