Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Future Amortization Expense of Finite-Lived Intangible Assets

The estimated aggregate amortization expense for intangible assets, excluding goodwill, for each of the remaining years of the estimated useful life is as follows (in thousands):

2023	$	54
2024		4
Total	$	58

Reconciliation of Basic to Diluted Weighted Average Shares Outstanding

On October 7, 2022, the Separation was achieved through LGL Group's distribution of 100% of the shares of the Company's common stock to holders of LGL Group's common stock as of the close of business on the record date of September 30, 2022. LGL Group's stockholders of record received one-half share of the Company's common stock for every share of LGL Group's common stock held by them. As a result, on October 7, 2022, the Company had 2.67 million shares of common stock outstanding. This share amount is being utilized for the calculation of basic and diluted earnings per share for all periods presented prior to the Separation. After the Separation, actual outstanding shares are used to calculate both basic and diluted weighted-average number of shares of common stock outstanding.

Options representing 9,710 shares were excluded from the below calculation because they would have been anti-dilutive.

	Years Ended December 31,
	2022		2021
Weighted average shares outstanding - basic		2,676,480		2,676,469
Effect of dilutive securities		44		—
Weighted average shares outstanding - diluted		2,676,524		2,676,469