XML 33 R23.htm IDEA: XBRL DOCUMENT v3.23.2
FAIR VALUE OF ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

The following table presents information about the Company’s assets measured at fair value as of the periods ended June 30, 2023 and December 31, 2022.

 

 SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

   Level I   Level II   Level III    
June 30, 2023  Quoted Prices in
Active Markets
for Identical
Assets		   Significant Other
Observable Inputs		   Significant
Unobservable
Inputs		   Excluded (a) 
                 
Investments in securities, at fair value (cost $6,960,663)  $7,798,616   $       -   $-   $        - 
W-1 Warrant and Class B Common Stock liability, at fair value   -    -    473,000    - 
Investment in limited partnership, at net asset value   -    -    -    194,874 
Total  $7,798,616   $-   $473,000   $194,874 

 

   Level I   Level II   Level III    
December 31, 2022  Quoted Prices in
Active Markets
for Identical
Assets		   Significant Other
Observable Inputs		   Significant
Unobservable
Inputs		   Excluded (a) 
                 
Investments in securities, at fair value (cost $5,802,395)  $5,860,688   $         -   $-   $        - 
                     
W-1 Warrant and Class B Common Stock liability, at fair value   -    -    576,000    - 
Total  $5,860,688   $-   $576,000   $- 

 

(a) Certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the condensed consolidated balance sheets.
SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS UNOBSERVABLE INPUT RECONCILIATION

 SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS UNOBSERVABLE INPUT RECONCILIATION

W-1 Warrant and Class B Common Stock    
Inputs below are as of June 30, 2023     
      
ENDI Corp. closing stock price  $3.51 
Warrant exercise price  $8.00 
Estimated equity volatility over remaining term   40.80%
ENDI Corp. annual rate of dividends   0.00%
Bond equivalent yield   4.13%
Remaining term of W-1 Warrant   4.12 
Discount for lack of marketability   23.00%
      
August 11, 2022  $1,476,000 
Less: Unrealized gains reported in other income   (900,000)
December 31, 2022   576,000 
Plus: Unrealized losses reported in other income   252,000 
March 31, 2023   828,000 
Less: Unrealized gains reported in other income  $(355,000)
June 30, 2023  $473,000