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Marketable Securities
 6 Months Ended
Jun. 30, 2024
Marketable Securities [Abstract]  
MARKETABLE SECURITIES

NOTE 3 – MARKETABLE SECURITIES

 

In accordance with the Agreement and Plan of Merger, dated June 3, 2021, between Gryphon and Sphere 3D (as amended, the “Sphere 3D Merger Agreement”), the Company received 850,000 shares of Sphere 3D’s restricted common stock upon the termination of the Sphere 3D Merger Agreement on April 4, 2022.

 

The shares are accounted for in accordance with ASC 320 – Investments – Debt and Equity Securities, as such the shares will be classified as available-for-sale securities and will be measured at each reporting period at fair value with the unrealized gain or (loss) as a component of other income (expense).

 

The table below summarizes the movement in this account for the periods:

 

   June 30,
2024		   December 31,
2023		 
Fair value beginning of period  $403,000   $235,000 
Change in fair value   (272,000)   168,000 
Balance end of period  $131,000   $403,000