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Investments (Tables)

6 Months Ended

Jun. 30, 2022

Investment [Line Items]

Investments

The following table sets forth the Company’s investments:

		June 30, 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
Securrency, Inc. – convertible note			5,279				5,000				—				—
Subtotal – Securrency, Inc.		$	19,267			$	18,612			$	13,988			$	13,612
Fnality International Limited – convertible note			6,433				6,863				—				—
Onramp Invest, Inc. – Series A-4 preferred stock			312				250				250				250
		$	26,012			$	25,725			$	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
		June 9, 2021				March 8, 2021
Expected volatility			50%				55%
Time to exit (in years)			4.75				5

Securrency Convertible Note [Member]

Investment [Line Items]

Summary of Inputs Used in PWERM Approach of Investment

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

		June 30, 2022
Conversion of note upon a future equity financing			85	%
Redemption of note upon a corporate transaction			10	%
Default			5	%

Fnality Convertible Note [Member]

Investment [Line Items]

Summary of Inputs Used in PWERM Approach of Investment

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

		June 30, 2022
Conversion of note upon a future financing round			85	%
Redemption of note upon a change of control			10	%
Default			5	%

X

- Definition

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