Marketable Investments

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Marketable Investments

Marketable Investments

Investments in corporate debt and equity securities consist of the following (in thousands):

	March 31, 2025		December 31, 2024
Corporate debt securities	$	13	$	21
Equity securities	442		559
Total marketable investments	$	455	$	580

The amortized cost basis amounts, gross unrealized holding gains, gross unrealized holding losses and fair values of available-for-sale debt securities are as follows (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
March 31, 2025	$	13	$	—	$	—	$	13
December 31, 2024	$	21	$	—	$	—	$	21

Equity Securities

On June 30, 2024, the Company exercised its right to purchase AOTI, Inc ("AOTI") restricted stock. Upon exercise, the Company received 402,634 shares of AOTI restricted stock with a fair value of $0.7 million, or $1.68 per share. The restricted stock can be converted into publicly traded common shares one year after the exercise date.

The following table presents gains and losses on equity securities as prescribed by ASC 321, Investments - Equity Securities (in thousands):

	Three Months Ended March 31,
	2025
Unrealized loss on equity securities held at the end of the period	$	(105)