Note 2 - Ownership Interests and Advances

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Investments in and Advances to Affiliates, Schedule of Investments [Text Block]

2. Ownership Interests and Advances

The following summarizes the carrying value of the Company’s ownership interests and advances. 

	June 30, 2022		December 31, 2021
	(Unaudited - In thousands)
Equity Method:
Companies	$	18,738	$	21,091
Private equity funds		117		117
		18,855		21,208
Other Method:
Companies, fair value		2,407		4,549
Companies, fair value measurement alternative		687		514
Private equity funds, fair value measurement alternative		250		250
		3,344		5,313
Advances to companies		3,400		—
	$	25,599	$	26,521

There were no impairments recorded during the three and six months ended June 30, 2022, respectively. During the three and six months ended June 30, 2021, the Company recorded impairment of $2.5 million related to reduced expectations for certain Other ownership interests, which is reflected in Other income (loss) in the consolidated Statement of Operations.

As of  June 30, 2022, the Company held ownership interests accounted for using the equity method in 9 non-consolidated companies.  Certain of the Company's ownership interests as of June 30, 2022 included the following:

Company Name	Safeguard Primary Ownership as of June 30, 2022	Accounting Method
Aktana, Inc.	13.4%	Equity
Clutch Holdings, Inc.	41.7%	Equity
InfoBionic, Inc.	25.2%	Equity
Lumesis, Inc.	43.2%	Equity
meQuilibrium	31.5%	Equity
Moxe Health Corporation	19.4%	Equity
Prognos Health Inc.	28.5%	Equity
Syapse, Inc.	11.0%	Equity
Trice Medical, Inc.	12.6%	Equity

Summarized Financial Information

The following table summarizes the statement of operations data for the companies accounted for under the equity method for the three and six months ended June 30, 2022 and 2021, respectively. These results have been compiled from the respective companies' financial statements, reflect certain historical adjustments, and are reported on a one quarter lag basis. Results of operations of the companies are excluded for periods prior to their acquisition, subsequent to their disposition and subsequent to the discontinuation of the equity method of accounting. Historical results are not adjusted when the Company exits, writes-off or discontinues the equity method of accounting. 

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
	(Unaudited - In thousands)
Results of Operations:
Revenue	$	36,479		$	30,482		$	75,290		$	70,650
Gross profit	$	22,653		$	17,873		$	47,573		$	46,101
Net loss	$	(34,325	)	$	(28,681	)	$	(65,187	)	$	(51,702	)