Note D - Marketable Securities

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

D. Marketable Securities

The Company accounts for equity securities under ASC 321. Such securities are reported at fair value on the consolidated balance sheets, and the related unrealized gains and losses are reported in the consolidated statements of cash flows as non-cash adjustments to income. Any realized and unrealized gains or losses on investment securities are reported in the consolidated statements of operations as investment income or (loss).

Details of marketable securities held at March 31, 2023 and December 31, 2022 are as follows (in thousands):

					Cumulative
					Unrealized
	Fair Value		Basis		(Loss) Gain
IronNet Securities:			March 31, 2023
98,750 shares of common stock	$	35	$	2,128	$	(2,093	)
Equity funds and other securities		16,852		17,024		(172	)
	$	16,887	$	19,152	$	(2,265	)

IronNet Securities:	December 31, 2022
198,750 shares of common stock	$	46	$	4,273	$	(4,227	)
Equity funds and other securities		16,539		17,024		(485	)
	$	16,585	$	21,297	$	(4,712	)

The shares of IRNT common stock were received by the Company as a result of the previously discussed Sponsor distribution. The fair value of these shares determined at the date of distribution represents the basis of these securities.