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Note 4 - Investments

12 Months Ended

Dec. 31, 2024

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

4. Investments

Marketable Securities

Details of marketable securities held as of December 31, 2024 and 2023 are as follows:

	*December 31, 2024*
					*Cumulative*
					*Unrealized*
	*Fair Value*		*Basis*		*(Loss) Gain*
Equity securities	$	17	$	34	$	(17	)
Total	$	17	$	34	$	(17	)

	*December 31, 2023*
					*Cumulative*
					*Unrealized*
	*Fair Value*		*Basis*		*(Loss) Gain*
Equity securities	$	22	$	34	$	(12	)
Total	$	22	$	34	$	(12	)

Net Investment Income

Net investment income represents income primarily from the following sources:

•

Income earned from investments in money market funds (recorded in Cash and cash equivalents)

•

Dividends received from marketable securities

•

Income from unconsolidated or equity method investments

The following table presents the components of Net investment income:

	*Year Ended December 31,*
	*2024*		*2023*
Interest on cash and cash equivalents	$	2,070	$	1,566
Dividends on marketable securities		1		—
Net investment income	$	2,071	$	1,566

Net Gains (Losses)

Net gains and losses are determined by specific identification. The net realized gains and losses are generated primarily from the following sources:

•

Realized and losses from investments in Marketable securities

•

Changes in the fair value of investments in Marketable securities

•

Changes in the fair value of derivatives

The following table presents the components of Net gains (losses):

	*Year Ended December 31,*
	*2024*			*2023*
Marketable securities ^(a)	$	(5	)	$	384
Net (losses) gains	$	(5	)	$	384

^(a)	During 2023, the Company sold its investments in mutual funds managed by GAMCO Investors, Inc. as well as 198,250 shares of IronNet, Inc.

Sales of Affiliated Mutual Funds

During 2023, the Company sold its investments in the mutual funds managed by GAMCO Investors, Inc. The dispositions resulted in gross proceeds of $16,886 and a net gain recorded in the Consolidated Statements of Operations of $370.