Marketable Securities

12 Months Ended

Dec. 28, 2024

Marketable securities consist of the following (in $000’s, except shares):


	Series G Convertible Preferred Shares	Common Shares Equivalent	Amount
Beginning balance, December 31, 2022	—	30,000,000	$	315
Securities received	9,224	922,442,000	897
Mark-to-market		—	(926)
Beginning balance, December 30, 2023	9,224	952,442,000	286
Securities received	33,876	26,253,900,000	$	518
Mark-to-market		—	$	(370)
Write-off marketable securities	(43,100)	(27,206,342,000)	$	(434)
Ending balance, December 28, 2024	—	—	$	—

Marketable securities reflect shares of SPYR stock received by the Company in connection with the sale of GeoTraq. Quarterly interest payments may be remitted in either restricted shares of common stock or restricted shares of Series G Convertible Preferred Stock of SPYR, or in cash. Shares of Series G Convertible Preferred Stock are convertible into the SPYR’s common shares at a ratio of 1:100,000. Shares held are marked to fair market value as of each balance sheet date, with the resulting change recorded as an unrealized gain or loss. For the year ended December 28, 2024, the Company received 33,876 shares of Series G Convertible Preferred Stock, which are convertible into approximately 26,253,900,000 shares of SPYR’s common stock. For the year ended December 30, 2023, the Company received 9,224 shares of Series G Convertible Preferred Stock, which are convertible into approximately 922,442,000 shares of SPYR’s common stock. Unrealized loss was approximately $1.1 million and $926,000 for the years ended December 28, 2024 and December 30, 2023, respectively.

During the year ended December 28, 2024, the Company was notified that SPYR Technologies, Inc. (“SPYR”) had ceased operations, and that no future quarterly interest payments on the promissory note, which may be remitted in either restricted shares of common stock or restricted shares of Series G Convertible Preferred Stock of SPYR, or in cash, would be made. Consequently, the Company recorded a full write-off of approximately $434,000 of its Series G Convertible Preferred shares of SPYR.