Investment in Hoth Therapeutics, Inc.

6 Months Ended

Jun. 30, 2019

Investment In Hoth Therapeutics Inc.

Investment in Hoth Therapeutics, Inc.

Note 5. Investment in Hoth Therapeutics, Inc. 

On February 20, 2019, Hoth closed its initial public offering (“IPO) at an initial offering price to the public of $5.60 per share.  The Company records this investment at fair value and records any change in fair value in the statements of operations (see Note 6). The following summarizes the Company investment in Hoth: 

Security Name	Shares Owned as of June 30, 2019		Fair value per Share as of June 30, 2019		Fair value as of June 30, 2019 (in thousands)
HOTH		1,735,714	$	5.81	$	10,084

The fair value of Hoth common shares as of June 30, 2019 was based on the closing price of $5.81 reported on The Nasdaq Capital Market as of June 28, 2019.