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Investments (Tables)

3 Months Ended

Mar. 31, 2022

Investment [Line Items]

Investments

The following table sets forth the Company’s investments:

		March 31, 2022								December 31, 2021
		Carrying Value				Cost				Carrying Value				Cost
Securrency, Inc. – Series A convertible preferred stock		$	8,488			$	8,112			$	8,488			$	8,112
Securrency, Inc. – Series B convertible preferred stock			5,500				5,500				5,500				5,500
Subtotal – Securrency, Inc.		$	13,988			$	13,612			$	13,988			$	13,612
Fnality International Limited – convertible note			6,700				6,863				—				—
Onramp Invest, LLC – Simple Agreement for Future Equity			250				250				250				250
			$20,938				$20,725				$14,238				$13,862

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

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

		Inputs
		March 8, 2021
Expected volatility			55	%
Time to exit (in years)			5.0

Summary of Inputs Used in PWERM Approach of Investment in Fnality

The table below presents the probability ascribed to potential outcomes used in the PWERM (classified as Level 3 in the fair value hierarchy):

		March 31, 2022
Conversion of note upon a Qualified Financing Round			85	%
Redemption of note upon a Change of Control			10	%
Default			5	%

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