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FAIR VALUE ACCOUNTING (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring |
| September 30,
| 2023 |  | 2022
Current assets | $ | 7,522 |  |  | $ | 16,586 |
Non-current assets | $ | 31,717 |  |  | $ | 17,437 |
Current liabilities | $ | 3,589 |  |  | $ | 2,285 |
Non-current liabilities | $ | 319 |  |  | $ | — |
| Twelve Months Ended September 30,
| 2023 |  | 2022 |  | 2021
Loss from continuing operations | $ | (8,817) |  |  | $ | (23,103) |  |  | $ | (4,253) |
Net loss and net loss attributable to the entity | $ | (8,902) |  |  | $ | (17,890) |  |  | $ | (4,570) |
In accordance with Rule 4-08(g), summarized financial information for Virginia Energy is set forth below on a one-quarter lag. Virginia Energy prepares its financial statements in accordance with IFRS. The Company determined that no adjustments to Virginia Energy’s summarized financial information were necessary to address differences between IFRS and GAAP that materially impact the summarized financial information.
| January 23, 2023 |  | September 30, 2022
Current assets | $ | 133 |  |  | $ | 163 |
Non-current assets | $ | 4,253 |  |  | $ | 3,753 |
Current liabilities | $ | 2 |  |  | $ | 223 |
Non-current liabilities | $ | 2 |  |  | $ | 2 |
| For the Period October 1, 2022 to January 23, 2023 |  | Twelve Months Ended September 30,
|  | 2022 |  | 2021
Loss from continuing operations, net loss and net loss attributable to the entity | $ | (226) |  |  | $ | (371) |  |  | $ | (275) |
The following tables set forth the fair value of the Company’s assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
| Level 1 |  | Level 2 |  | Level 3 |  | Total
December 31, 2023 |  |  |  |  |  |  |
Cash equivalents(1) | $ | — |  |  | $ | 40,512 |  |  | $ | — |  |  | $ | 40,512 |
Marketable equity securities | 25,554 |  |  | 24 |  |  | — |  |  | 25,578 |
Marketable debt securities | — |  |  | 107,466 |  |  | — |  |  | 107,466 |
| $ | 25,554 |  |  | $ | 148,002 |  |  | $ | — |  |  | $ | 173,556 |
December 31, 2022 |  |  |  |  |  |  |
Cash equivalents(1) | $ | — |  |  | $ | 30,336 |  |  | $ | — |  |  | $ | 30,336 |
Investments accounted for at fair value | 19,263 |  |  | 66 |  |  | — |  |  | 19,329 |
Marketable equity securities | 1,033 |  |  | 34 |  |  | — |  |  | 1,067 |
Marketable debt securities | — |  |  | 11,125 |  |  | — |  |  | 11,125 |
| $ | 20,296 |  |  | $ | 41,561 |  |  | $ | — |  |  | $ | 61,857 |
(1) Cash and cash equivalents are comprised of U.S. Treasury Bills, Government Agency Bonds, U.S. Non-Redeemable Term Deposits and mutual funds purchased within three months of their maturity date. Changes in Level 3 Fair Value Measurements The following table is a reconciliation of the beginning and ending balance recorded for the Convertible Note classified as Level 3 in the fair value hierarchy:
Beginning balance, February 14, 2023 | $ | 59,457 |
Principal redeemed and sale | (60,887) |
Realized gain included in other income (loss) | 1,430 |
Ending balance, December 31, 2023 | $ | — |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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