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Investments (Tables)

9 Months Ended

Sep. 30, 2021

Investment [Line Items]

Investments

The following table sets forth the Company’s investments:

		September 30, 2021								December 31, 2020
		Carrying Value				Cost				Carrying Value				Cost
Securrency, Inc. – Series A convertible preferred stock		$	8,488			$	8,112			$	8,112			$	8,112
Securrency, Inc. – Series B convertible preferred stock			5,500				5,500				—				—
Subtotal – Securrency, Inc.		$	13,988			$	13,612			$	8,112			$	8,112
Onramp Invest, LLC – Simple Agreement for Future Equity			250				250				—				—
		$	14,238			$	13,862			$	8,112			$	8,112

Summary of Inputs Used in Backsolve Valuation Approach of Investment in Securrency

The table below presents the inputs used in backsolve valuation approach (classified as Level 3 in the fair value hierarchy):

		Inputs
		June 9, 2021				March 8, 2021
Expected volatility			50	%			55	%
Time to exit (in years)			4.75				5.00

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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A tabular disclosure of (a) the aggregate carrying amount of all cost-method investments; (b) the aggregate carrying amount of cost-method investments that the investor did not evaluate for impairment for cost-method investments.

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