Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.22.2.2
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets
The Company's assets measured at fair value consisted of the following at June 30, 2022 and December 31, 2021:
Fair Value at June 30, 2022
Total Level 1 Level 2 Level 3
Assets:
Short-term investments $ —  $ —  $ —  $ — 
Investments in equity securities 582  —  —  582 
Investments in debt securities 5,967  $ —  $ —  $ 5,967 
Total assets $ 6,549  $ —  $ —  $ 6,549 
Fair Value at December 31, 2021
Total Level 1 Level 2 Level 3
Assets:
Short-term investments $ 43,125  $ 43,125  $ —  $ — 
Investments in equity securities 1,838  —  —  1,838 
Total assets $ 44,963  $ 43,125  $ —  $ 1,838 
Schedule of Reconciliation of Assets for Level 3 Investments The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value For the Six Months Ended June 30, 2022:
Level 3
Level 3 Investments
Balance at January 1, 2022 $ 1,838 
Transfers in - FOXO Technologies, Inc. convertible note 6,050 
FOXO Technologies, Inc. - Original issue discount (550)
FOXO Technologies, Inc. - Amortization of original issue discount 92 
Unrealized loss on equity securities (1,256)
Unrealized gain on debt securities 375 
Balance at June 30, 2022 $ 6,549 

The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the six months ended June 30, 2021:

Level 3
Level 3 Investments
Balance at January 1, 2021 $ — 
Transfers in- Sysorex Securities Settlement Agreement
Benefit (provision for valuation allowance on related party loan - held for sale 7,461 
Interest income (expense), net 1,627 
Gain on related party loan held for sale 49,817 
Unrealized loss on equity securities (28,965)
Balance at June 30, 2021 $ 29,940